The government is planning to sell 15 per cent stake in Hindustan Aeronautics (HAL) through an offer for sale, which could fetch about Rs 4,000 crore to the exchequer. The government is looking to appoint up to three merchant bankers for managing the offer for sale (OFS) and has invited bids for the same by February 21.
It holds 89.97 per cent stake in state-owned defence firm HAL, which was listed on the stock exchanges in March 2018.
HAL is Bengaluru based Defence Public Sector Undertakings (DPSU) Company engaged in the design, development, manufacture, repair, overhaul, upgrade and servicing of a wide range of products including, aircraft, helicopters, aero-engines, avionics, accessories and aerospace structures.
Company Name | CMP |
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Hindustan Aeron | 4603.40 |
Astra Microwave Prod | 752.00 |
Data Patterns (I) | 2966.50 |
Rossell India | 472.20 |
Paras Defence &Space | 721.85 |
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