The Govt.of India has approved the sale of a 10 percent stake in Hindustan Aeronautics Ltd ( HAL)-

Sunday, October 1, 2017

Bangalore: The Govt.of India has approved the sale of a 10 percent stake in Hindustan Aeronautics Ltd ( HAL)- a Defence PSU . Accordingly HAL has initiated the process of Initial public offer (IPO) with the filing of the Draft Red Herrring Prospectus (DRHP) on September 29, 2017 with market regulator SEBI.

This is a major milestone towards listing of the defence PSU which is slated for partial disinvestment by the Govt. of India says Mr. T. Suvarna Raju, CMD HAL.

Disclaimer: This is a public announcement for information purposes only and is not a prospectus announcement and does not constitute an invitation or offer to acquire, purchase or subscribe to securities. Not for release, publication or distribution directly or indirectly outside India.