Hindustan Aeronautics to come up with an IPO - Indian IPO Blog

Tuesday, September 13, 2011

Hindustan Aeronautics to come up with an IPO

The Government of India is planning to divest 10% stake in Hindustan Aeronautics Limited (HAL) through an Initial Public Offering (IPO). Hindustan Aeronautics Limited (HAL) is a Navaratna PSU based in Bangalore, India and is one of Asia's largest aerospace companies.

Under the management of the Indian Ministry of Defence, the state-owned Hindustan Aeronautics is mainly involved in aerospace industry, which includes manufacturing and assembling aircraft, navigation and related communication equipment, as well as operating airports

HAL built the first military aircraft in South Asia and is currently involved in the design, fabrication and assembly of aircraft, jet engines, and helicopters, as well as their components and spares. It has several facilities throughout India including Nasik, Korwa, Kanpur, Koraput, Lucknow, Bangalore and Hyderabad

Check back Indian IPO Blog for more on HAL IPO!

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