Government of India 3.5% offer for sale in Hindustan Aeronautics
The Government sold 3.5% of HAL through a stock exchange offer for sale.
- Company
- Hindustan Aeronautics (HAL)
- Type
- Stake sale
- Status
- Completed
- Date
- 24 Mar 2023
- Value
- INR 29.01bn
- US$ equivalent
- US$351m
- Value basis
- ₹2,901.09 crore to the Government for 3.50% of HAL; government holding cut to 71.65%
- Region
- India
- Segment
- Listed equity
Parties
- Government of India (Ministry of Defence) seller
Key terms
- Stake sold
- 3.50%
- Offer for sale
- 23-24 Mar 2023
- Floor price
- ₹2,450 a share
- Government holding after
- 71.65%
Sources
- DIPAM: disinvestment receipts 2022-23 dipam.gov.in · 2023
- BSE: offer for sale details, Hindustan Aeronautics Ltd m.bseindia.com · 23 Mar 2023
Record DEF-INV-2023-0015. Investments are kept apart from the financings register and never counted in debt totals.
