Govt to sell 10% stake in HAL through Rs 4,230-cr public offer

MUMBAI: As part of the divestment process, government will divest 10 per cent of its stake in the public sector choppermaker Hindustan Aeronautics, which on Tuesday launched a Rs 4,230-crore initial public offer. As part of the IPO that hits the market on March 16, the Maharatna company will also sell 10.20 per cent of its equity through and offer-for-sale route.