Indian Stock Market

Rashtriya Ispat Nigam Ltd (RINL) IPO :  RINL IPO

 The government will soon offload 25 per cent stake in Rashtriya Ispat Nigam Ltd (RINL), making it the first disinvestment in a profit-making steel PSU. “In response to a proposal of the Finance Ministry asking us to consider offloading some s take, the RINL Board has okayed (sale of) 25 per cent stake in the company, of which 5 per cent would go to the employees and the remaining 20 per cent to the public,” RINL Chairman and Managing Director P K Bishnoi told PTI.