The Indian government plans to divest a 15% stake in state-owned missile manufacturer Bharat Dynamics Limited (BDL), it was announced on 7 September.

The share sale, which is expected to generate funds of up to INR9.07 billion (USD123.5 million), follows the government’s divestment of a 14.8% stake in Hindustan Aeronautics Limited (HAL) in late August.

In a filing to the Bombay Stock Exchange (BSE) BDL said that the government share offer could feature nearly 27.5 million shares and will proceed over two stages.

The Indian government has said it will divest an additional stake in Bharat Dynamics, a manufacturer of missile systems including the Akash surface-to-air system (pictured). (Indian PIB)

In the first, the government will sell on Indian stock exchanges 18.32 million BDL shares – or a 10% government stake – from 8 September. If this offer is oversubscribed, the government will divest an additional 5% stake, or 9.16 million shares, from 9 September.

The Indian government plans to divest a 15% stake in state-owned missile manufacturer Bharat Dynamics Limited (BDL), it was announced on 7 September.

The share sale, which is expected to generate funds of up to INR9.07 billion (USD123.5 million), follows the government’s divestment of a 14.8% stake in Hindustan Aeronautics Limited (HAL) in late August.

In a filing to the Bombay Stock Exchange (BSE) BDL said that the government share offer could feature nearly 27.5 million shares and will proceed over two stages.

The Indian government has said it will divest an additional stake in Bharat Dynamics, a manufacturer of missile systems including the Akash surface-to-air system (pictured). (Indian PIB)

In the first, the government will sell on Indian stock exchanges 18.32 million BDL shares – or a 10% government stake – from 8 September. If this offer is oversubscribed, the government will divest an additional 5% stake, or 9.16 million shares, from 9 September.

The Indian government plans to divest a 15% stake in state-owned missile manufacturer Bharat Dynamics Limited (BDL), it was announced on 7 September.

The share sale, which is expected to generate funds of up to INR9.07 billion (USD123.5 million), follows the government’s divestment of a 14.8% stake in Hindustan Aeronautics Limited (HAL) in late August.

In a filing to the Bombay Stock Exchange (BSE) BDL said that the government share offer could feature nearly 27.5 million shares and will proceed over two stages.

The Indian government has said it will divest an additional stake in Bharat Dynamics, a manufacturer of missile systems including the Akash surface-to-air system (pictured). (Indian PIB)

In the first, the government will sell on Indian stock exchanges 18.32 million BDL shares – or a 10% government stake – from 8 September. If this offer is oversubscribed, the government will divest an additional 5% stake, or 9.16 million shares, from 9 September.

The Indian government plans to divest a 15% stake in state-owned missile manufacturer Bharat Dynamics Limited (BDL), it was announced on 7 September.

The share sale, which is expected to generate funds of up to INR9.07 billion (USD123.5 million), follows the government’s divestment of a 14.8% stake in Hindustan Aeronautics Limited (HAL) in late August.

In a filing to the Bombay Stock Exchange (BSE) BDL said that the government share offer could feature nearly 27.5 million shares and will proceed over two stages.

The Indian government has said it will divest an additional stake in Bharat Dynamics, a manufacturer of missile systems including the Akash surface-to-air system (pictured). (Indian PIB)

In the first, the government will sell on Indian stock exchanges 18.32 million BDL shares – or a 10% government stake – from 8 September. If this offer is oversubscribed, the government will divest an additional 5% stake, or 9.16 million shares, from 9 September.

The Indian government plans to divest a 15% stake in state-owned missile manufacturer Bharat Dynamics Limited (BDL), it was announced on 7 September.

The share sale, which is expected to generate funds of up to INR9.07 billion (USD123.5 million), follows the government’s divestment of a 14.8% stake in Hindustan Aeronautics Limited (HAL) in late August.

In a filing to the Bombay Stock Exchange (BSE) BDL said that the government share offer could feature nearly 27.5 million shares and will proceed over two stages.

The Indian government has said it will divest an additional stake in Bharat Dynamics, a manufacturer of missile systems including the Akash surface-to-air system (pictured). (Indian PIB)

In the first, the government will sell on Indian stock exchanges 18.32 million BDL shares – or a 10% government stake – from 8 September. If this offer is oversubscribed, the government will divest an additional 5% stake, or 9.16 million shares, from 9 September.

The Indian government plans to divest a 15% stake in state-owned missile manufacturer Bharat Dynamics Limited (BDL), it was announced on 7 September.

The share sale, which is expected to generate funds of up to INR9.07 billion (USD123.5 million), follows the government’s divestment of a 14.8% stake in Hindustan Aeronautics Limited (HAL) in late August.

In a filing to the Bombay Stock Exchange (BSE) BDL said that the government share offer could feature nearly 27.5 million shares and will proceed over two stages.

The Indian government has said it will divest an additional stake in Bharat Dynamics, a manufacturer of missile systems including the Akash surface-to-air system (pictured). (Indian PIB)

In the first, the government will sell on Indian stock exchanges 18.32 million BDL shares – or a 10% government stake – from 8 September. If this offer is oversubscribed, the government will divest an additional 5% stake, or 9.16 million shares, from 9 September.