HAL OFS received enthusiastic response from non-retail investors: Dipam Secy
The government’s stake sale in Hindustan Aeronautics Limited NSE -0.02 % (HAL) has got an enthusiastic response from investors on day one of its offer for sale, said top official.
“Offer for sale of 15% government shares in HAL was subscribed 1.60 times by non-retail investors. The government has decided to exercise the green shoe option,” said Tuhin Kanta Pandey, secretary of department of investment and public asset management (DIPAM).
