HINDUSTAN AERONAUTICS LIMITED (HAL)

HINDUSTAN AERONAUTICS LIMITED (HAL)

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Hindustan Aeronautics Limited(HAL)

Disinvestment of 10 percent paid up equity of Hindustan Aeronautics Limited

The Cabinet Committee on Economic Affairs has approved to divest 10 percent equity in Hindustan Aeronautics Limited (HAL) out of its holding of 100 percent through an Initial Public Offer (IPO) in the domestic market as per the Securities and Exchange Board of India (SEBI) Rules and Regulations. Five percent discount on the issue price will be allowed for retail investors as well as to eligible employees of HAL applying under the employees reservation portion

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