BSNL IPO: Merchant bankers after union nod
BSNL's $10 billion IPO is not even off the ground and roadblocks are popping up. The PSU giant has now decided to keep the appointment of merchant bankers on hold till the issue is resolved with the employee unions. BSNL management is hoping to start talks with its unions in the next few weeks because without the unions approval the mega IPO seems unlikely.
