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BSNL to appoint merchant bankers for IPO

BSNL, state-run telecom company will appoint merchant bankers for the projected 10 billion dollar public offer after discussing with all stakeholders, including the employee union which is opposing the IPO.

12 Aug 2008

BSNL, state-run telecom company will appoint merchant bankers for the projected 10 billion dollar public offer after discussing with all stakeholders, including the employee union which is opposing the IPO.

By means of the public offer BSNL is planning to divest 10 per cent stake to raise 10 bn dollar, this unofficially puts the valuation of the company at 100 bn dollar of the company.



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