India looks to sell up to 25% stake in four defence companies via IPO

India looks to sell up to 25% stake in four defence companies via IPO

A cashier displays Indian rupee banknotes inside a bank in Jammu Photo: Reuters

The government of India is considering selling up to 25 percent of its stake in four state-owned companies under the control of the department of defence through an initial public offering, a public notice showed on Friday.

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