The Government is planning to sell up to 3.5% stake in aerospace and defence company Hindustan Aeronautics Ltd this week in a deal that could fetch 28.67 billion rupees ($347.16 million), an exchange filing showed on Wednesday.
So far, the government has mopped up 311.1 billion rupees by selling its shares in state-run firms as against its target of 500 billion rupees for the financial year ending March 31.
The government stares at missing its divestment target for 2022/23 as it plans to put on hold the part sale of its stake in Hindustan Zinc (HZL) unless the company calls off the nearly $3 billion cash acquisition of two Vedanta Group subsidiaries.
