BSNL IPO NOT YET FINALISED

One of the indian telecom major Bharat Sanchar Nigam Ltd(BSNL) is not yet proposed its Initial Public Offer(IPO),telecom minister A.Raja said on thursday(AUG 7).He said if Bharat Sanchar Nigam Ltd(BSNL)entering into the indian stock market means ,Each BSNL employee is eligible to get 500 shares at Rs.10 per share(Face Value).For others,price band range will be around Rs 300-400(Not fixed) per share depends on the market condition.BSNL got Rs 20 billion from Department Of Telecommunications(DOT). this was happened due to TRAI's false decision so it has compensated from the revenues of private telecom companies went to BSNL.Also BSNL got a 3G spectrum block on Thursday.BSNL officials are telling that this Initial Public offer (IPO) will take another six months to get finalised.