As per newspapers report what percent of Government stake

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As per newspapers report what percent of Government stake

Home » Indian Economy » Indian economy miscellaneous » Question

As per newspapers report what percent of Government stake will be disinvested in Rashtriya Ispat Nigam Ltd. (RINL) ?

1. 5%
2. 50%
3. 10%
4. 12%

Correct Option: C

Rashtriya Ispat Nigam Ltd (RINL), on 23 September 2014, filed a draft prospectus with market regulator SEBI for an initial public offering (IPO) through which the government will sell 10 per cent of its stake in the company. The government proposes to raise Rs 43,425 crore through disinvestment in PSUs.