Govt approved disinvestment of defence sector CPSEs

By | March 1, 2016

Disinvestment of DPSUs

Government has approved disinvestment of the following defence sector CPSEs:

• Bharat Electronics Limited (BEL): 5% paid-up equity of BEL out of Government of India’s shareholding of 75.02 per cent, through Offer for Sale (OFS);

• Hindustan Aeronautics Limited (HAL); 10% paid-up equity of HAL, through Initial Public Offer (IPO).

• Strategic sale of Defence Public Sector Undertakings (DPSUs) is not contemplated.

This information was given by Minister of State for Defence Rao Inderjit Singh in a written reply to ShriKK Ragesh in Rajya Sabha today.

Source Ministry of Defence 01-March, 2016

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