Bharat Sanchar Nigam Ltd today informed that the proposal relating to its public offer through divesting 10 per cent of its stake is with the Centre and may get delayed due to the turmoil in capital market.According to BSNL Chairman and Managing Director Kuldeep Goyal, "The BSNL board had cleared the IPO plan of about 10 per cent and we have forwarded it to the government.
It is now with them to decide on the matter and under the present market conditions it was unlikely that government would take forward the issue now. The BSNL unions were also opposing the proposed IPO."
It is now with them to decide on the matter and under the present market conditions it was unlikely that government would take forward the issue now. The BSNL unions were also opposing the proposed IPO."
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