Photo: Hemant Mishra/MintMumbai: State-owned Hindustan Aeronautics Ltd (HAL) on Tuesday said that it will launch its initial public offering (IPO) on 16 March. SBI Capital Markets Ltd and Axis Capital Ltd are managing the HAL share sale. Bharat Dynamics will launch its Rs960 crore IPO on 13 March. Mishra Dhatu Nigam will announce the price band for its initial share sale on Wednesday. In 2016-17, the company reported a profit of Rs2,624.7 crore, as compared to a profit of Rs2,004.3 crore the previous year.

Source: Mint March 13, 2018 13:18 UTC