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Disinvestment of HAL will happen: govt

Government today said the process to disinvest shares in Hindustan Aeronautics Limited is on but acknowledged that the Indian Air Force is dissatisfied with the defence PSU for not sticking to delivery schedule. "The will of the Government is there for disinvestment. But it's going through its procedures", Union Minister of State for Defence, M M Pallam Raju told reporters in response to questions on the sidelines of a function here. Sources in the Bangalore-headquartered company said the Book Running Lead Managers and the Legal Advisors have been selected for the divestment ...