Decision on Nacil IPO after 6 months

It will take six more months for the government to decide on the timing, size and other modalities for the initial public offer (IPO) of National Aviation Company Ltd (Nacil), the merged entity of Air India and Indian.
There has been speculation on the timeframe within which the IPO may be announced, but civil aviation minister Praful Patel clarified on Tuesday, "We will review the merger (of Air India and Indian) after six months and then take a call (on the IPO)."
Patel said decisions on the IPO as well as granting stock options to Nacil employees would be taken keeping in view the prevailing market environment.
The minister's comments come even as officials in his ministry indicate that consultants have been asked to work out the valuations and the method by which equity dilution would happen.
17/10/07 Sindhu Bhattacharya/Sify.com

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Categories: Air India - International Oct 2007, Air india Budget Oct 2007, Air India Domestic Oct 2007, Air India Regional Oct 2007, NACL Oct 2007