IPO plans....VAN Namboodiri said...

The BSNL management in consultant with the ministry, General Secretary of the BSNL EU said the issue was not about revising the earlier offer.
We are principally opposed to any plans to divest any stake in BSNL. The company has reserves of over Rs.12,000 crore and does not need the IPO proceeds for its expansion, he said.
Management is ready to talk with the small unions about to listing of BSNL on stock offer.
Besides, the BSNL management may also ask the Center to give the company 'Maharatna' status, which all the unions have been demanding for over a decade.
The new UPA regime is keen on BSNL's listing, and it hopes that a 10% stake dilution in the company will fetch over Rs.40,000 crore.
Mr. Raja asked BSNL's management to hold talks with the unions and address the laters' fears on listing.