CCEA approves disinvestment of 10 per cent govt stake in HAL
business 04:05
New Delhi, Nov 8: Cabinet Committee on Economic Affairs has approved divestment of 10 per cent equity in country's only state-owned aerospace firm Hindustan Aeronautics Limited(HAL).
The stake sale will be carried out through an Initial Public Offer. Finance Minister P Chidambaram said the IPO would be issued only in the next fiscal only.
CCEA also approved the setting up of 21 integrated textiles parks envisaging a total investment of Rs 819 crore during the 12th Five Year Plan.
In other major decisions, Cabinet also approved another tranche of Rs 540 crore development aid to Afghanistan.
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