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Indian government proposes to sell up to 3.5% stake in HAL

World

22-03-2023 | 08:28

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Indian government proposes to sell up to 3.5% stake in HAL

Indian government is planning to sell up to 3.5% stake in aerospace and defense company Hindustan Aeronautics Ltd (HIAE.NS), according to an exchange filing on Wednesday.

The stake sale would be valued at 28.67 billion Indian rupees ($347.05 million), based on a floor price of 2,450 rupees apiece.

($1 = 82.6100 Indian rupees)

Reuters

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