Disinvestment of 10% stake in HAL, approved by govt

• The Cabinet Committee on Economic Affairs (CCEA) has approved divestment of 10 per cent equity in HAL out of its holding on 100 per cent through an Initial Public Offer (IPO) in the domestic market as per the SEBI rules and regulations.
• The disinvestment was been mooted before the CCEA amid government’s plans to modernize the company for which Rs 20,000 crore would be required over next five years.