The Ministry of Communications and IT has stated that the government is considering diluting part of its equity shareholding in Bharat Sanchar Nigam Limited (BSNL) through an initial public offering (IPO).

The Ministry of Communications and IT has stated that the government is considering diluting part of its equity shareholding in Bharat Sanchar Nigam Limited (BSNL) through an initial public offering (IPO). The proposal is to dilute 10 per cent of government equity holding to raise about $10 billion. The decision had earlier run into rough weather after the BSNL employees’ union threatened to go on an indefinite strike. However, according to the minister of state for communications and IT, Jyotiraditya Scindia, the advantage of listing BSNL shares has been explained to the representatives of BSNL’s joint forum and the union has hence deferred its proposed strike.