24 Nov 07 BSNL IPO favoured by the BSNL Top Management
BSNL IPO is likely to take place sometime soon provided approvals are obtained from the government and the storng employees union. Kuldeep Goyal, CMD of BSNL said that he prefers BSNL to go for an IPO not to raise funds but to benchmark itself against listed private sector telcos. This is not the first time the BSNL IPO proposal is come out. However this time soures close to the development say that the IPO is likely to go through. Since BSNL is one of few profitable PSU’s, BSNL IPO is likely to become a huge hit with investors.
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