{"id":370430,"date":"2020-08-28T09:15:28","date_gmt":"2020-08-28T03:45:28","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=370430"},"modified":"2020-08-28T11:36:26","modified_gmt":"2020-08-28T06:06:26","slug":"government-to-divest-15-stake-in-hal-for-rs-5020-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/government-to-divest-15-stake-in-hal-for-rs-5020-crore\/","title":{"rendered":"Government to divest 15% stake in HAL for Rs 5,020 crore"},"content":{"rendered":"<p>The Centre is planning to divest up to 15% stake in the Bengaluru-based public sector undertaking Hindustan Aeronautics Ltd (HAL) to mop-up an estimated Rs 5,021 crore. <\/p>\n<p>In a regulatory filing with the Bombay Stock Exchange (BSE), the government offered 3.34 crore equity shares of face value of Rs 10 each, representing 10% of the total paid-up equity share capital of the company, as the base offer.<\/p>\n<p>It will also offer 1.67 crore shares of HAL, comprising 5% of the company&#8217;s share capital, as an oversubscription option under the offer.<\/p>\n<p>Advised by IDBI Capital Markets &amp; Securities Limited, SBI Caps, and YES Securities on the transaction, the floor price of the offer has been set at Rs 1,001 per share &#8212; 15% below the previous close.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Centre is planning to divest up to 15% stake in the Bengaluru-based public sector undertaking Hindustan Aeronautics Ltd (HAL) to mop-up an estimated Rs 5,021 crore. In a regulatory filing with the Bombay Stock Exchange (BSE), the government offered 3.34 crore equity shares of face value of Rs 10 each, representing 10% of the total paid-up equity share capital of the company, as the base offer. It will also offer 1.67 crore shares of HAL, comprising 5% of the company&#8217;s share capital, as an oversubscription option under the offer. Advised by IDBI Capital Markets &amp; Securities Limited, SBI Caps, [&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":[176,146,130],"tags":[],"class_list":["post-370430","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-deccan-herald-newspapers","category-deccan-herald-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/370430","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=370430"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/370430\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=370430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=370430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=370430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}