• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

The editorial “Collective equity” (Business Line, August 13) has rightly stated that this is a golden opportunity for BSNL unions to re-examine their suspicion of the management for seeking to bring about a change. The stock purchase option offers unions an effective bargaining apparatus than the strike proposed by it. In fact, the proposed IPO will provide an opportunity for value creation and enhancement of value for the stakeholders.

The BSNL staff, numbering 3 lakh, must readily agree to the proposed issue and convince their unions that it is in their interest.

Also, by allowing the IPO, they will be achieving parity with their counterparts in ONGC, Maruti Suzuki, SAIL and Power Grid Corporation.

K. K. Ammannaya Udupi

More Stories on : Letters | IPOs | Telecommunications

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line