IPO in BSNL rethink

The Centre has been mulling an IPO for BSNL , India’s fifth largest telecom company. However it is felt that there might be a rethink of it now after the FPO of NTPC Ltd

received a tepid response from investors.

The Government is looking at option of private placement of shares of state run telco BSNL as hopes for an initial public offer fade, but no final decision has been taken, the Minister of state for communications and IT, Mr. Sachin Pilot said on Wednesday. There is no final decision yet ( on a private placement of shares). It is under consideration but the final decision will come from the Cabinet, Mr. Pilot said in Mumbai.