BSNL

BSNL To Raise 15000 Crore Through Sovereign Bonds Next Month

State-run BSNL plans to issue sovereign bonds for raising Rs 15,000 crore next month, this was informed by the top official of BSNL. In a statement P K Purwar, CMD of BSNL unleashed,  "We have written to DoT already asking for approval for the Rs 15,000 crore sovereign bonds. DoT is in the process of sending it to the finance ministry for approval. We can raise all Rs 15,000 crore in one tranche. We expect to get the approval soon for the bonds to raise the funds."