BSNL may enter capital mkt, plans 10% equity dilution
Bharat Sanchar Nigam is considering diluting up to 10% of its equity stake via IPO, reports agency sources. However the time frame of the IPO is not fixed.
The State-owned telecom firm is valued at over USD 100 billion. Company said the 10% equity dilution may give around Rs 200 billion. The IPO value may even get doubled to Rs 400 billion, depending on the market conditions at the time of IPO.
For the year 2006-2007 the revenue of the company stood at Rs 375.5 billion and net profit stood at Rs 78.05 billion.
The company is having a investment plan of Rs 150 billion for expanding its GSM mobile network across the nation.
The State-owned telecom firm is valued at over USD 100 billion. Company said the 10% equity dilution may give around Rs 200 billion. The IPO value may even get doubled to Rs 400 billion, depending on the market conditions at the time of IPO.
For the year 2006-2007 the revenue of the company stood at Rs 375.5 billion and net profit stood at Rs 78.05 billion.
The company is having a investment plan of Rs 150 billion for expanding its GSM mobile network across the nation.
Labels: BSNL equity dilution, BSNL planning IPO
posted by SY at 3:44 PM
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