The Cabinet Committee on Economic Affairs (CCEA) on 8 November 2012 approved the divestment in Hindustan Aeronautics (HAL).
The CCEA has approved to divest 10 per cent equity in HAL out of its holding of 100 per cent. Five per cent discount on the issue price will be allowed for retail investors as well as to eligible employees of HAL applying under the employees’ reservation portion. As per CCEA, HAL should enter the stock market the next financial year, starting 1 April 2013.