INDIAN ARMED FORCES CHIEFS ON
OUR RELENTLESS AND FOCUSED PUBLISHING EFFORTS
SP Guide Publications puts forth a well compiled articulation of issues, pursuits and accomplishments of the Indian Army, over the years
I am confident that SP Guide Publications would continue to inform, inspire and influence.
My compliments to SP Guide Publications for informative and credible reportage on contemporary aerospace issues over the past six decades.
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CORPORATE
Government nod for HAL divesting 10 per cent equity
The Union Cabinet has approved a proposal for disinvestment of 10 per cent of government equity in the country’s only stateowned aerospace firm the Hindustan Aeronautics Limited.
“The Cabinet Committee on Economic Affairs (CCEA) has approved divestment of 10 per cent equity in HAL out of its holding on 100 per cent through an Initial Public Offer (IPO) in the domestic market as per the SEBI rules and regulations,” an official statement said here.
Addressing the media on the issue, Finance Minister P. Chidambaram said it would be basically an IPO and for this purpose, a restructuring of the HAL board will have to be done. He said the IPO would be issued in the next fiscal only.
The statement said paid-up equity of the so far-unlisted company on March 31 this year was Rs. 120.50 crore.
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