{"id":370344,"date":"2020-08-28T08:21:57","date_gmt":"2020-08-28T02:51:57","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=370344"},"modified":"2020-08-29T09:01:53","modified_gmt":"2020-08-29T03:31:53","slug":"hindustan-aeronautics-tanks-over-11-as-government-plans-to-sell-15-stake","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/hindustan-aeronautics-tanks-over-11-as-government-plans-to-sell-15-stake\/","title":{"rendered":"Hindustan Aeronautics tanks over 11% as government plans to sell 15% stake"},"content":{"rendered":"<p>Shares of Hindustan Aeronautics (HAL), the state-owned aerospace and defence company, tanked over 11 per cent on the BSE on Thursday, a day after the company informed that the government plans to sell as much as 15 per cent stake in the company through a public offering of shares. <\/p>\n<p>The government will sell a stake of about 10 per cent, with an option to sell a further 5 per cent in the company, according to a stock exchange filing on Wednesday. <\/p>\n<p>At a floor price of Rs 1,001 a share, the sale could fetch as much as Rs 5,020 crore ($680 million). Retail investors will get a 5 per cent discount on the offer price. The floor price is at a discount of almost 15 per cent to HAL\u2019s closing price of Rs 1,177.80 on Wednesday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Hindustan Aeronautics (HAL), the state-owned aerospace and defence company, tanked over 11 per cent on the BSE on Thursday, a day after the company informed that the government plans to sell as much as 15 per cent stake in the company through a public offering of shares. The government will sell a stake of about 10 per cent, with an option to sell a further 5 per cent in the company, according to a stock exchange filing on Wednesday. At a floor price of Rs 1,001 a share, the sale could fetch as much as Rs 5,020 crore [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-370344","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/370344","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=370344"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/370344\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=370344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=370344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=370344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}