The government has approved outright sale of state-owned SAIL’s three special steel units, including Salem and Alloy Steel plants. In pursuance of the decision, SAIL has now sought advisors, including legal and merchant bankers, to carry out the strategic sale along with transfer of management control in the three steel plants — Alloy Steels Plant (ASP), Salem Steel Plant (SSP) and Visvesvaraya Iron and Steel Plant (VISP).The Maharatna PSU is scouting for transaction advisor
from professional consulting firm, investment bankers, financial institutions, to provide advisory services and manage the disinvestment process.The transaction advisor will advise SAIL on the modalities and timing of the strategic disinvestment of the three steel plans and prepare a detailed operational scheme to successfully implement the process, indicating tentative timelines for each activity.
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Post time: Jun-15-2017