The time is not ripe to bring the follow-on public offer (FPO) of state-run BHEL and the proposal needs to be examined again, Heavy Industries Minister Praful Patel said today.
"Disinvesting from public sector without finding its true value would be foolish. At this stage, the market sentiment is generally a little slow and specially for power and related sectors," Patel told reporters on the sidelines of a Standing Conference of Public Enterprises award function here.
He said the government would re-examine the proposal in a couple of months.
ref:
http://economictimes.indiatimes.com/markets/ipos/fpos/rights-issues/time-not-ripe-to-bring-bhel-fpo-says-praful-patel/articleshow/12650870.cms
Friday, April 13, 2012
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