#SSC CGL

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Question : As per news paper report what percent of government stake will be disinvested in rashtriya Ispat Nigm Ltd. (RINL)
Option 1: 5%
Option 2: 50%
Option 3: 10%
Option 4: 12%

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Team Careers360 24th Jan, 2024

Answer (1)

Team Careers360 25th Jan, 2024

Correct Answer: 10%

Solution : The correct option is 10%

The Indian government awarded the business Navratna status in November 2010. For an initial public offering (IPO), in which the government would sell its 10% stake in the company, Rashtriya Ispat Nigam Limited (RINL) submitted a draft prospectus to market regulator SEBI on September 2014. The Ministry of Steel of the Government of India oversees it as a Navratna Company.

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