NEW DELHI — The Indian government plans to sell a 10% stake in state-owned defense aerospace firm Hindustan Aeronautics Ltd. (HAL), according to a senior minister. “The government is aiming to sell HAL’s shares through an initial public offering,” Finance Minister P. Chidambaram said Nov. 8. The sale is expected to take place in the next fiscal year, which begins April 1. The government hopes to earn 25 billion rupees ($460 million) from the sale. The Bengaluru-based firm, ...
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