BSNL Plans To Divest 10 Percent Inorder to Expand; Biggest Ever Indian IPO

[by Cerius Shah] Good old guv’nor BSNL is now getting into the valuation game. Its plan to divest 10%, which at a valuation of $100 billion (BSNL revenues for 06-07 stood at Rs 39,750 crore), works out to $10 billion (Rs 40,000 crore). Apparently the DoT is mulling over the matter. BSNL seeks Rs 15,000 crores to expand its network especially in rural places.

ET: BSNL is India

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