Panel Not Ready For First Tranche

Industry ministry sources said that it has been conveyed to them that the commission would be unable to advise the core group right away since it would require some time to get its act together.

The industry ministry had proposed that the commission's expertise should be sought both for the appointment of the merchant bankers to the VSNL issue and for price fixation.

Since the bookbuilding method for determining the disinvestment price will be adopted, this decision can be taken just a fortnight before the issue hits the international market.ight.asp"-->