Ummid Assistant

Indian students in Germany need not pay to study: Envoy

Microsoft offers tech courses to Indian academia

Welcome Guest! You are here: Home Business & Economy

Government approves 10 percent disinvestment of HAL

Thursday November 08, 2012 04:48:03 PM, IANS

New Delhi: The government Thursday approved disinvestment of 10 percent equity stake in Hindustan Aeronautics Limited (HAL) through an initial public offer (IPO).

The decision was taken by the cabinet committee on economic affairs (CCEA) at its meeting held here.

Currently, the government holds 100 percent equity of the company, which has a paid up capital of Rs.120.50 crore.

"Five percent discount on the issue price will be allowed for retail investors as well as to eligible employees of HAL applying under the employees reservation portion," the CCEA said in a statement.

HAL is a schedule-A Navratna company which comes under central public sector enterprises and is administered by the defence ministry.

The company is engaged in designing and development of aircraft like fighter planes, trainer jets and air transporters.

 

HAL also manufacturers choppers and avionics for both military and civil applications.


 




 



 


 

Home | Top of the Page

Comments

Note: By posting your comments here you agree to the terms and conditions of www.ummid.com

Comments powered by DISQUS

i

I

More Headlines

One year prison term for the maker of 'Innocence of Muslims'

Jamia Millia Islamia to set up new girls' hostel

Congress at war with itself in Kerala

UP has no money for Mahatma Gandhi, ample for Ambedkar

29 die in Guatemala quake

Over 3.5 lakh poor to get free LPG cylinders in Delhi

China will not copy Western system in political reform: Hu

EC rejects Swamy's plea to derecognise Congress

BJP reposes 'full faith' in Gadkari

Kids banned for dirty school dress: Bihar orders probe

Blair was wrong in invading Iraq, says his spin doctor

Taslimiddin quits Nitish's JD-U, joins Lalu's RJD

Governor can't bypass government on Lokayukta, Gujarat tells SC

 

Top Stories

'Forward': Barack Obama again rewrites history

Chanting "Yes We Can", Barack Hussein Obama made history four years ago as he became America's first African-American president. On Tuesday, he did it again to retain the world's most powerful office.  

Obama third consecutive president to retain office

The best is yet to come, says triumphant Obama

 

  Most Read

One year prison term for the maker of 'Innocence of Muslims'

The convicted California scam artist behind a crude anti-Islam film that stoked protests against the U.S. across the Muslim world was sent back to jail for a year on Wednesday over 

29 die in Guatemala quake

At least 29 people died in Guatemala Wednesday in a 7.4-magnitude undersea quake that also jolted Mexico and El Salvador. In the worst affected San Marcos department in Guatemala, about 155 people were injured and 135 houses were destroyed, according to its governor Aroldo Rivera. Guatemalan President Otto Perez Molina  

 

  News Pick

China will not copy Western system in political reform: Hu

China will continue to carry out reform of the political structure, but the country will never copy a Western political system, President Hu Jintao said here  

Eyeing 2014, BJP in Uttar Pradesh bends 'backwards'

Is the Bharatiya Janata Party (BJP) bending 'backwards', literally, in Uttar Pradesh to realize its national political ambitions? They are tailoring an "all inclusive" major action plan to pitchfork its backward caste leaders as they undertake a major campaign in the country's most populous state  

We will 'socially engineer' votes away from Modi: Gordhan Zadaphia

Once a trusted aide of Narendra Modi, former Gujarat minister Gordhan Zadaphia is out of the Bharatiya Janata Party (BJP) and believes that the Gujarat Parivartan Party (GPP) he has joined will do what Mayawati  

Gujarat Elections: Survey predicts landslide win for BJP

Mitt Romney concedes defeat

Republican Mitt Romney conceded defeat in the US presidential elections and congratulated Barack Obama for winning a second term in the White House. Addressing a gathering of cheering supporters in Boston   

 

Picture of the Day

President Pranab Mukherjee, Vice President Mohd. Hamid Ansari, Prime Minister Dr. Manmohan Singh and other dignitaries at a prayer meeting at the Samadhi of former Prime Minister, Late Mrs. Indira Gandhi, on her death anniversary, at Shakti Sthal, in Delhi on October 31, 2012.

 

Recommend the story to your friends

 

 
 
 
 
 
 
 
 

RSS  |  Contact us

 

| Quick links

News

 

Subscribe to

Ummid Assistant

 

National

Science & Technology

RSS

Scholarships

About us

International

Health

Twitter

Government Schemes

Feedback

Regional

History

Facebook

Education

Register

Politics

Opinion

Newsletter

Contact us

Business

The Funny Side

Education & Career

     

 

 

Ummid.com: Disclaimer | Terms of Use | Advertise with us | Link Exchange

Ummid.com is part of the Awaz Multimedia & Publications providing World News, News Analysis and Feature Articles on Education, Health. Politics, Technology, Sports, Entertainment, Industry etc. The articles or the views displayed on this website are for public information and in no way describe the editorial views. The users are entitled to use this site subject to the terms and conditions mentioned.

2012 Awaz Multimedia & Publications. All rights reserved.