In an attempt to convince its employees’ union of the merits of the proposed initial public offering, BSNL has renewed its offer of pref erential shares to its employees.

In an attempt to convince its employees’ union of the merits of the proposed initial public offering, BSNL has renewed its offer of preferential shares to its employees. According to the earlier proposal, BSNL’s employees were offered 500 shares (priced at Rs 10 per share) per head. However, the union had rejected the offer. The terms of the current offer made by BSNL have not been disclosed.