# India plans strategic sale of Hindustan Fluorocarbons stake

The Indian government plans to sell its entire 56.43 percent holding in Hindustan Fluorocarbons, held through Hindustan Organic Chemicals, via strategic sale. The company makes PTFE and fluoromethane.

- Type: Acquisition
- Announced: 2017-02-03
- Where: India
- Status: announced
- Products: polytetrafluoroethylene, fluoromethane
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Hindustan Fluorocarbons](https://endata.com/companies/875.md) (target)
- [Hindustan Organic Chemicals](https://endata.com/companies/876.md) (partner)

## Sources

- [timesofindia.indiatimes.com](https://timesofindia.indiatimes.com/business/india-business/govt-plans-strategic-sale-of-3-psus-merger-of-4/articleshow/56959819.cms), 2017-02-03: "the government plans to sell the entire 56.43 per cent shareholding of Hindustan Organic Chemicals Ltd (HOCL) in Hindustan Fluorocarbons (HFL) through strategic sale."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.