India to Sell Stake Worth $680 Million in Fighter Jet Maker

A Tejas fighter jet developed by Hindustan Aeronautics Ltd. — A Tejas fighter jet developed by Hindustan Aeronautics Ltd.
Photographer: Anindito Mukherjee/Bloomberg

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By Anurag Kotoky

August 26, 2020 at 1:46 PM UTC

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India plans to sell as much as 15% stake in state-run defense contractor Hindustan Aeronautics Ltd. through a public offering of shares, as Prime Minister Narendra Modi seeks funds to shore up government coffers.