All set to go for a mega IPO, most probably in this financial year. This time its Bharat Sanchar Nigam limited (BSNL). Rs 40,000 crores is expected to be raise in the country’s largest-ever IPO through a share sale in BSNL. According to a Government officials, it would take a decision only after talks with trade unions. 5 to 10% of the stake would be up for the public to grab. In view of this, BSNL’s 304,000 employees will get to buy 500 shares each at Rupees ten a piece and the IPO would be in a between Rupees 300-400 per share. Another round of discussion is going to be held with trade unions, which have been resisting the stake sale.
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Wireless Federation » BSNL to grab Mega IPO (India)
BSNL to grab Mega IPO (India)
- August 8th, 2008
- 8:18 am
