The government is all set to sell up to 3.5 per cent stake in Hindustan Aeronautics (HAL) at a floor price of Rs 2,450 a share, if fully subscribed, would fetch about Rs 2,800 crore to the exchequer. The two-day Offer for Sale (OFS) is open for institutional investors on Thursday, March 23, 2023 and for retail buyers on Friday, March 24, 2023.
The OFS comprises of base issue size of 1.75 per cent or 58.51 lakh shares, with an option to retain over-subscription of an equal quantum. The government currently holds 75.15 per cent in HAL, which is a Central Public Sector Enterprises (CPSE) under the Defence Ministry.
Hindustan Aeronautics is Bengaluru based Defence Public Sector Undertakings (DPSU) Company engaged in the design, development, manufacture, repair, overhaul, upgrade and servicing of a wide range of products including, aircraft, helicopters, aero-engines, avionics, accessories and aerospace structures.
| Company Name | CMP |
|---|---|
| Hindustan Aeron | 4387.10 |
| Bharat Electronics | 462.70 |
| DCX Systems | 194.75 |
| Astra Microwave Prod | 1092.10 |
| Zen Technologies | 1614.35 |
| View more.. | |
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