India’s HAL To Hold IPO

Credit: Tejas: India Defense Ministry
BENGALURU—India has approved the sale of a 10% stake in its military airframer Hindustan Aeronautics Ltd. (HAL) through an initial public offering (IPO). The state-owned public sector undertaking (PSU) has outlined the details of the proposed IPO in a preliminary prospectus filed on Sept. 29 with...

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