HAL Stake Sale: The government will sell up to a 3.5 percent stake in Hindustan Aeronautics Limited (HAL) at a floor price of Rs 2,450 per share. The two-day offer for sale (OFS) will open for institutional investors on Thursday and for retail buyers on Friday.
The OFS comprises a base issue of 1.75 percent or 58.51 lakh shares. This also includes the option of retaining the over-subscription.
The government will sell a stake in HAL
HAL has said in a regulatory filing that the oversubscription option is being exercised in this sale. The Equity Shares forming part of the Base Offer Size and oversubscription option will represent 3.50 percent (1,17,03,563) Equity Shares of the Company.
what is the deal price?
The sale of a 3.5 percent stake at the floor price of Rs 2,450 per share will fetch the exchequer around Rs 2,800 crore. The floor price is at a discount of approximately 6.7 percent to the closing share price of HAL on BSE. Shares of HAL on Wednesday closed at Rs 2,625.20, down 0.93 percent, on the BSE.
The government proposes to sell 1.75% of its equity shares of the face value of Rs 10 each to non-retail investors. Apart from this, the option of selling 1.75% more stake is also open in case the issue is oversubscribed, that is, a total of 3.5% stake can be sold in this way.
HAL is a defense company
The government currently holds a 75.15 percent stake in HAL, a Central Public Sector Enterprise (CPSE) under the Ministry of Defence. The proceeds from the HAL OFS will be added to the disinvestment fund of the government for the current financial year.
The government has so far raised Rs 31,106.64 crore through disinvestment and share buyback in CPSEs. The government had last monthly revised its estimate of disinvestment revenue for the current fiscal at Rs 50,000 crore against the budgeted target of Rs 65,000 crore.
Also Read: Signature Bank : After SVB, now Signature Bank is also closed, and FDIC takes control
Investors Beware! Underperforming Funds From Axis, LIC MF and Others Raise Concerns
Large-cap mutual funds are often considered one of the safest investment options in the equity ma
Fuel Price Shock! Petrol and Diesel Become Costlier Again Across Several States
Petrol and diesel prices have once again increased across India, delivering another blow to consu
The T20 World Cup 2026 is scheduled to begin on February 7, 2026, but before the start of the tou
BJP MP and film actress Kangana Ranaut has expressed deep anger over the recently surfaced Raja R
Dense fog blanketed most of North India on Monday, severely disrupting traffic in the National Ca
India has avenged the terrorist attack in Pahalgam by carrying out air strikes at 9 places in Pak
Gold Price Today: Bullion Market Sees Sharp Drop in Gold and Silver; What's Behind the Fall?
Gold and silver prices came under heavy pressure in Delhi on Monday as a stronger US dollar, risi
The Centre has clarified its position on the proposed changes related to UPI transactions, with U
Kalki 2898 AD directed by Nag Ashwin is one of the most awaited films of this year. Audiences in
This year saw another big hit on OTT platforms, and that hit was Stranger Things. We don't need t
