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Merchant banking circles said the Government has been going slow and may kick-start the year's divestments in September with RINL offer, instead of July 3.
“The postponement of pre-RHP road-shows of RNIL, which was to start on Tuesday, is a pointer to the Government's present thinking,” said a Chairman of a PSU. Sources said the RINL's pre-RHP road-show now may take place in July in Singapore, Hong Kong, London and Mumbai.
RINL had submitted the DRHP (for 48.898 crore shares) on May 18 and may now file RHP next month.
The post-RPH road show (including in the US) may be re-scheduled further down the line.
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