HURL listing planned; PSU stake sale may raise ₹6,000 crore
pre-market1 source ↓written by the desknot a recommendation
- expected to raise
- ₹5,000-6,000 crore
- in HURL
- 10-11% stake
The Centre aims to list Hindustan Urvarak & Rasayan Ltd (HURL) in FY27, with a stake sale by NTPC, Indian Oil, and Coal India expected to raise ₹5,000-6,000 crore. This move comes amid global fertiliser supply concerns due to disruptions in the Strait of Hormuz. The public offering will involve offloading 10-11% stake in HURL, marking a significant event in the fertiliser sector.
Not investment advice. For informational purposes only.