India looks to sell up to 15% stake in defence major HAL via offer for sale

India looks to sell up to 15% stake in defence major HAL via offer for sale

Photo by Anti on Unsplash

The Indian government will divest an additional up to 15% stake in Hindustan Aeronautics Ltd (HAL) through an offer for sale to potentially garner around 5,020 crore to mobilize resources amid the covid-led pressure on finances.