India’s Hindustan Aeronautics To Go Public

Hindustan Aeronautics Limited, state-owned aerospace and defense company based in Bangalore, initiated the process of an initial public offering to divest 10% of its shares.

The IPO is for 361,500,000 equity shares with a face value of $0.15  each.  “A discount of up to 5% on the offer price may be offered to retail individual bidders and to eligible employees,” Hindustan Aeronautics said.

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Company chairman and managing director T. Suvarna Raju termed the partial disinvestment as a major milestone for the company, reports the Times of India.

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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.

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