The government has approved a 10.2 per cent sale stake in Steel Authority of India, which will take place on March 22, 2013.
The share sale is expected to enable the government's divestment initiative, which will help to reduce its fiscal deficit.
The Steel Authority stake sale comes after the recent stake sale in RCF and MMTC.
At 12.10 pm, shares in SAIL were trading at Rs. 65.30, down marginally in a weak Mumbai market.