Government of India 14.82% offer for sale in Hindustan Aeronautics
The Government sold about 15% of HAL through a stock exchange offer for sale and a follow-on employee offer.
- Company
- Hindustan Aeronautics (HAL)
- Type
- Stake sale
- Status
- Completed
- Date
- 28 Aug 2020
- Value
- INR 49.24bn
- US$ equivalent
- US$665m
- Value basis
- ₹4,924.23 crore to the Government for 14.82% of HAL, including the employee offer; government holding cut to 75.15%
- Region
- India
- Segment
- Listed equity
Parties
- Government of India (Ministry of Defence) seller
Key terms
- Stake sold
- 14.82% (offer for sale and employee offer)
- Offer for sale
- 27-28 Aug 2020
- Floor price
- ₹1,001 a share
- Government holding after
- 75.15%
Sources
- DIPAM: disinvestment receipts 2020-21 dipam.gov.in · 2021
- BSE: offer for sale details, Hindustan Aeronautics Ltd m.bseindia.com · 27 Aug 2020
Record DEF-INV-2020-0017. Investments are kept apart from the financings register and never counted in debt totals.
