Govt rakes in record ₹61,149 cr dividend from CPSEs
Dipam reported total receipts of ₹75,886 crore, which includes both disinvestment proceeds and dividend collections.
Dipam reported total receipts of ₹75,886 crore, which includes both disinvestment proceeds and dividend collections.
Shares of state-owned Hindustan Aeronautics Ltd hit a record high of ₹2,500 on Friday.
The share price surged 4% intraday after the government approved a plan to acquire 12 additional Sukhoi Su-30MKI fighters to be built at HAL’s Nashik factory.
The agreement includes the potential joint production of GE Aerospace's F414 engines in India
The government, which owns 89.97% stake in HAL, will sell 3.5% equity shares in the aerospace company at a floor price of ₹2,450 apiece.
The floor price for the OFS has been fixed at ₹2,450 per share, a discount of 6.7% to Wednesday’s closing price.
Hindustan Aeronautics and Bharat Electronics hit their record highs on the BSE; Bharat Dynamics surges over 6% in intraday trade
Since May 13, shares of the aeronautics company rallied 18% to hit an all-time high of ₹1,785.85 in intraday trade on Friday.
Coal India, Nuclear Power Corporation of India, Power Finance Corporation, Hindustan Aeronautics, Bharat Dynamics, Manganese Ore India and Cochin Shipyard paid the dividend tranches.
The £12 billion British aerospace firm says “technology creation” in India’s aerospace industry does not exist.