HAL Plans to Hit Markets With IPO by December-End

New Delhi: After completing its Rs 4,300-crore buyback of shares, Hindustan Aeronautics Ltd (HAL) plans to hit the market with an initial public offering by the end of 2016 along with sale of 10 per cent government stake. The buyback of shares has strengthened the balance sheet of state-owned HAL and the company is now in the preparing the draft red herring prospectus (DRHP) for the IPO. "The DRHP is likely to be filed with Sebi by...