Subscribe Feed (RSS)BSNL initial offer to raise Rs40,000 crore; pricing seen at Rs300
August 7th, 2008 by admin | Filed under ipo.Telecom Minister, A Raja has requested the BSNL Trade Unions to have healthy discussions on the impending BSNL IPO.The company, which has 70 million subscribers, is valued at USD 100 billion and a 10% dilution of stake could fetch Rs 400 billion, reports agency sources. The government has targeted to raise a whopping Rs40,000 crore ($10 billion) in the country’s largest-ever initial share offer through a sale of stake in state-owned telecom firm Bharat Sanchar Nigam Ltd (BSNL), but a decision is likely to be made only after talks with trade unions.
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