GOVERNMENT OF INDIA ALL SET TO DIVEST 15% STAKE IN HAL TO RAISE RS 5,020 CRORE

Highlights

• HAL in its stock exchange filing said the government will sell 33.4 million shares or 10% stake on Thursday and Friday through a public offer

• HAL, a Navaratana company has 20 production divisions along with 11 research and design centres across the nation

• The Government of India is planning to raise around Rs 2 trillion by divesting its stake in several PSUs

The Union Gove....