 The BSNL union decided to observe an "Anti-Disinvestment Day" on July 22 protesting the government''s plan to sell its shareholding in the company.
The plea of the management that IPO is necessary to mop up funds for development and expansion is far from the truth, as the BSNL has more than Rs 37,000 crore stashed in banks. It can be used for expansion instead of selling shares," said V A N Namboodiri, convener, Joint Forum of BSNL Associations. |