The government is considering divesting its stake in national carrier Air India through an initial public offering (IPO) in the second half of 2008. This was stated by Civil Aviation Minister Praful Patel Friday on the sidelines of a press conference to launch India's first civil aviation exhibition, India Aviation 2008.
"We may consider issuing an IPO in the second half of this year," he told reporters, noting the divestment may be in the range of 10-15 percent of the shareholding.
Read the full news at:
http://www.thaindian.com/newsportal/world-news/air-india-ipo-likely-in-second-half-of-2008_10022044.html
No comments:
Post a Comment