HURL listing planned; PSU stake sale may raise ₹6,000 crore
after close1 source ↓written by the desknot a recommendation
- by offloading
- ₹5,000-6,000 crore
- by offloading
- 10-11% stake
The Centre plans to list Hindustan Urvarak & Rasayan Ltd (HURL) in FY27, aiming to raise ₹5,000-6,000 crore by offloading 10-11% stake. This move is part of a broader public sector monetization strategy involving NTPC, Indian Oil, and Coal India amid rising concerns over global fertilizer supplies. 🌍
This listing could significantly impact the fertilizer sector, marking one of the largest public offerings by a state-backed company in recent years. 📈
Not investment advice. For informational purposes only.