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113

Q:

According to newspaper reports, what percentage of the government's stake in Rashtriya Ispat Nigam Limited (RINL) will be disinvested?

  • 1
    5%
  • 2
    50%
  • 3
    10%
  • 4
    12%
  • Show Answer
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Answer : 3. "10%"
Explanation :

Rashtriya Ispat Nigam Limited (RINL) filed a draft prospectus with market regulator SEBI for Initial Public Offering (IPO) on September 23, 2014. Under which the government will sell 10% shares of its participation in this company to the company. The government aims to raise Rs 43,425 crore by disinvestment in PSU companies.

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