Moneycontrol
Jun 06, 2012 12:08 PM IST | Source: Business Line

RINL public issue likely in September

Merchant banking circles said the Government has been going slow and may kick-start the year's divestments in September with Rashtriya Ispat Nigam (RINL) offer, instead of July 3.

RINL public issue likely in September

Merchant banking circles said the Government has been going slow and may kick-start the year's divestments in September with Rashtriya Ispat Nigam (RINL) offer, instead of July 3.

“The postponement of pre-RHP road-shows of RINL, which was to start on Tuesday, is a pointer to the Government's present thinking,” said a Chairman of a PSU. Sources said the RINL's pre-RHP road-show now may take place in July in Singapore, Hong Kong, London and Mumbai.

RINL had submitted the DRHP (for 48.898 crore shares) on May 18 and may now file RHP next month.

The post-RPH road show (including in the US) may be re-scheduled further down the line.

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