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Hindustan Aeronautics Share: Hindustan Aeronautics Limited, a public sector company in the defense sector, The government is going to sell stake in The government is going to disinvest 3.5 per cent stake in HAL through the Offer for Sale (OFS) route. The floor price of the share has been fixed for this sale at Rs 2450 per share.
In a regulatory filing with the stock exchange, the company said that on March 23, 2023, the government will issue 58,51,782 shares of face value of Rs 10 each or 1.75 per cent stake only to non-retail investors and on March 24, 2023 to retail investors and non-retail investors who Those who want to carry forward their unallotted bids will sell 1.75 per cent stake or 58,51,781 shares.
The government is selling the shares of Hindustan Aeronautics Limited at a discount of 6.66 per cent from the closing price in the stock market on Wednesday. On Wednesday, HAL’s stock closed at Rs 2625, down 1.16 per cent. In one year, the stock of Hindustan Aeronautics Limited has given multibagger returns to the investors. The stock has given 85 per cent returns in one year, 153 per cent in two years and 360 per cent in three years. HAL stock has gone up to a high of Rs.2914. So one year back the stock was trading at Rs.1300.
On March 23, non-retail investors will be able to apply for the shares. So on March 24, retail investors can apply. 10% of the offer size has been reserved for retail investors. The stock exchanges will decide the number of shares to be allotted to the retail category based on the floor price. This time the government is not going to give any discount to the retail investors on selling the shares of LAL. A reserve of 5% of the offer size has been kept for the employees. Employees can apply for shares up to Rs 2 lakh.
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