Published on Mon, Jun 29, 2009 at 09:13 | Source : The Hindu Business Line.
Updated at Mon, Jun 29, 2009 at 09:17
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RINL ready to go public
Rashtriya Ispat Nigam Ltd (RINL) is awaiting the Centre’s disinvestment policy before launching its IPO, according to its Chairman and Managing Director, Mr P.K. Bishnoi, reports The Hindu Business Line.
Rashtriya Ispat Nigam Ltd (RINL) is awaiting the Centre's disinvestment policy before launching its IPO, according to its Chairman and Managing Director, Mr P.K. Bishnoi.
Speaking on the sidelines of the Annual General Meeting of the Indian Chamber of Commerce (ICC) on Saturday, Mr Bishnoi said, "Listing RINL will put its management on the toes and make it more accountable to the public".
RINL's board had approved disinvestment of the company in 2005-06.
The company would go ahead with its disinvestment plan once the Government announced a clear disinvestment policy, he said, pointing out that the trade unions in RINL though were opposing it, reports The Hindu Business Line.
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