Govt to sell 3.5% stake in Hindustan Aeronautics

The government has proposed to sell 5.852 million shares representing 1.75% of equity capital, with a green shoe option of another 5.852 million shares in the event of the oversubscription. Non-retail investors can subscribe to the offer on Thursday and retail investors on Friday.

About 10% of the offer size is reserved for retail investors, subject to the receipt of valid bids. Based on the floor price, the stock exchanges will decide the number of shares eligible to be considered in the ..

The government held a 75.15% stake in the company. HAL floated its maiden public offer in March 2018 with an issue price of Rs 1,215.