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This is an archive article published on December 23, 2010

SAIL plunges on lower FPO price talk

Shares of SAIL fell sharply on market talk the company may issue shares under its FPO at much lesser than the current market price.

Shares of Steel Authority of India fell sharply on market talk the company may issue shares under its follow-on public offer at around Rs 165 a piece,much lesser than the current market price,four dealers said.

At 1:33 p.m.,shares were down 4.62 per cent at Rs 185.90.

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