PTI |
| Business | Posted By: hindtimes on:7/30/2010 6:38:02 AM |
New Delhi, July 30 (PTI) Unions are opposed to disinvestment in Steel Authority of India Ltd (SAIL), the government today informed the Rajya Sabha.
SAIL's 20 per cent share sale plan to mop up about Rs 16,000 crore, earlier planned in October-November this year, already faces some regulatory hurdles.
"It is informed by SAIL that some of the unions have resorted to distribution of pamphlets and also staged demonstrations protesting against the decision regarding disinvestment of SAIL," Minister of State for Steel A Sai Prathap told the Upper House in a written reply.
He, however, said, "the disinvestment of Government of India?s shareholding in Steel Authority of India Ltd (SAIL) is in line with the Government?s policy to develop larger people?s ownership of Central Public Sector Enterprises with Government retaining majority shareholding and control.