At the floor price, which is lower than Wednesday’s share price of Rs 2625.20 per share on the BSE, the stake sale will be valued at about Rs 2,867 crore.
HAL plans to equip the HLFT-42 with modern avionics like Active Electronically Scanned Array, Electronic Warfare Suite, Infrared Search & Track with Fly by Wire control system.
A study by Swedish think tank SIPRI found that arms sales from companies in Asia & Oceania registered higher sales than European firms, while US manufacturers saw a drop of 0.9 per cent.
Army has issued a statement saying that prior to Friday's crash in Arunachal, the Air Traffic Control received a May Day call suggesting a technical or mechanical failure in the chopper.
HAL is tapping new business opportunities for Light Combat Aircraft Tejas as well as servicing of Su-30 aircraft and Hawk trainer aircraft for the Royal Malaysian Air Force.
India's bilateral trade with Russia during 2020-21 amounted to $8.1 billion. Indian exports totalled $2.6 billion, while imports from Russia came to $5.5 billion
About half-a-dozen Tejas aircraft are doing stints at various bases in the western sector, including at two locations that will host Tejas Mk 1A squadrons in the future.
Israel's response to Iran's retaliatory attack was relatively small and also downplayed by Tehran. But there are factors that could jeopardise this perceived reprieve.
The 125 APAs include 86 Unilateral APAs (UAPAs) and 39 Bilateral APAs (BAPAs). The total number of APAs since the start of the APA programme has risen to 641, with 506 UAPAs and 135 BAPAs.
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