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Re:India's Chandrayaan-3 launches to explore moons water ric... by screye on Friday July 14, 2023 @10:24AM (#36724451)
Govt. is reducing its investment in HAL and HAL had an IPO in 2018. [1][2]

Ofc, Indian institutions are averse to privatization. So it has been a slow process. That being said, the direction of change is towards steady privatization.

[1] https://www.reuters.com/markets/deals/indian-govt-proposes-s...

[2] https://theprint.in/economy/rafale-snub-no-death-knell-hals-...

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