Nacil shy away from planned IPO

New Delhi: Choppy market conditions are likely to delay the much-awaited initial public offerings (IPO) of state-run NHPC (formerly known as National Hydro Power Corporation), Oil India Limited (OIL) as also that of National Aviation Company of India (Nacil).
The recently integrated National Aviation Company of India (Nacil), formed after the merger of Air India and Indian Airlines, was planning to float a public offer, which now looks set to get delayed.
“One has to be brave to venture into the (capital) market,” civil aviation minister Praful Patel said.
29/09/08 Hindustan Times

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Categories: NACIL Sep 2008