At 77, Hindustan Aeronautics finally takes-off in the IPO market
Business Today

At 77, Hindustan Aeronautics finally takes-off in the IPO market

Hindustan Aeronautics Limited's (HAL) Rs 4,230 crore initial public offering (IPO) opened today, representing 10 per cent of the company, pegging its market cap at Rs 42,300 crore. India's largest aerospace company, which caters largely to the defence sector, is known more for its sluggish pace of design and manufacturing than for its cutting edge technology - an image it hopes to change.
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