BENGALURU (Reuters) – Indian government is planning to sell up to 3.5% stake in aerospace and defence company Hindustan Aeronautics Ltd, according to an exchange filing on Wednesday.
The stake sale would be valued at 28.67 billion Indian rupees ($347.05 million), based on a floor price of 2,450 rupees apiece.
($1 = 82.6100 Indian rupees)
(Reporting by Nallur Sethuraman in Bengaluru; Editing by Shinjini Ganguli)
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