Air-India plans to roll IPO in near future-Praful Patel…
The state Carrier Air-India may be out with IPO in near future, which definitely seem to boost in the IPO market -:
- Praful Patel newly appointed Civil Aviation Minister on Monday, Jun 1 said that an initial public offering of shares in Air India could be considered in the near future.
- The minister added that it would depend on the state of the equity markets. However, Patel did not give out any information on time and said, “This is one area of intent… IPO will bring in much-needed liquidity infusion and also accountability.”
- The revenue form the IPO will reportedly be put into activities like expanding the fleet of the state-owned airline.
- The Congress party-led government is seen rolling out reforms, including privatisation and hiking of foreign investment caps, to lift the economy and attract investment, after it was returned to power with a decisive mandate in last month’s federal elections.
Lets wait n watch the hit of IPO in the market.
*To get the password for buy calls, please subscribe to this blog. You will receive the password in next email to you*If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.
Comments
No comments yet.
Leave a comment