{"id":565042,"date":"2023-03-23T11:24:34","date_gmt":"2023-03-23T05:54:34","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=565042"},"modified":"2023-03-23T12:30:53","modified_gmt":"2023-03-23T07:00:53","slug":"govt-proposes-to-sell-up-to-3-5-stake-in-defence-firm-hal","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/govt-proposes-to-sell-up-to-3-5-stake-in-defence-firm-hal\/","title":{"rendered":"Govt proposes to sell up to 3.5% stake in defence firm HAL"},"content":{"rendered":"<p>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.<\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-565042","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/565042","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=565042"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/565042\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=565042"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=565042"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=565042"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}