India to Divest Stake in Four Defense Companies

Aiming to meet its $11 billion divestment target by March 2018, the Government of India is considering selling up to 25% of its stake in four state-owned companies under the control of the department of defense through an initial public offering. It has invited proposals by August 18.

The four companies are Mazagon Dock Limited., Bharat Dynamics Limited, Garden Reach Shipbuilders & Engineers Limited., and Mishra Dhatu Nigam Limited, reports VCCircle.

Government of India, Logo

Be Sociable, Share!
Posted on by Gunjan Bagla
Gunjan Bagla
California-based management consultant Gunjan Bagla runs Amritt, a consulting firm helping American companies to succeed in India. Amritt is the trusted advisor for India market research, India business development, India market entry, Global Engineering, Global Technology Scouting, India R&D and Open Innovation. Gunjan is author of "Business in 21st Century India: How to Profit Today from Tomorrow’s Most Exciting Market" (Hachette Book Group, 2008), Amazon's top rated title on the subject. He has appeared as the India Expert on BBC Television, Bloomberg TV, Fox Cable Business and has been quoted in the New York Times, the Los Angeles Times, the Hollywood Reporter and Business Week for his expertise on India.


There are no comments yet...

Kick things off by filling out the form below.

Leave a Comment