The government is all set to embark on another big-ticket disinvestment by planning to offload “around 15 per cent stake” in navratna Steel Authority of India Ltd to mobilise nearly Rs 9,000 crore.

According to a roadmap prepared by the Steel Ministry, the government would offload 10 per cent of its stake in the first phase this fiscal and then allow SAIL to go for public offer in the second phase in the fiscal 2010-2011.

“We are deliberating at length but there is general understanding on offloading around 15 per cent stake,” said Steel Secretary Pramod Kumar Rastogi. He said Cabinet nod would be sought after modalities are finalised.

The 15% divestment will be a combination of 10% dilution of government’s equity and 5% issue of additional shares in each phase. The government currently owns 85.82 per cent stake in SAIL.