International investment banks lined up on 11 November for the right to manage the expected USD400 million initial public offering (IPO) of part of India's largest defence company, state-controlled Hindustan Aeronautics Limited.Foreign and Indian banks- including Morgan Stanley, Barclays, ICICI Securities, Kotak Mahindra Bank and ICICI Securities - were expected to be involved in the bidding to lead the IPO on the Bombay Stock Exchange.
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