OFS may trigger sell-off in HAL shares; is it time to accumulate or avoid?
Hindustan Aeronautics shares may dip up to 20 per cent upon breaking key support.27-03-2023
27-03-2023
HAL OFS successful despite tough markets as QIBs, retail investors show high interest
The retail portion of the OFS also received an overwhelming response, with the government getting bids for 14,50,924 shares against 11,70,357 shares on offer for the category.24-03-2023
Hindustan Aeronautics Ltd - 541154 - Announcement under Regulation 30 (LODR)-Newspaper Publication
we are enclosing herewith a copy of the newspaper publication of Offer for Sale of shares of the Company by the President of India through the Stock Exchange Mechanism, published on 24th March, 2023 in various newspapers.24-03-2023
HAL, Biocon among stocks under F&O ban on NSE today
A total of three stocks have been put under the F&O ban for trade on Friday, March 24, 202324-03-2023
Govt to exercise green shoe option for HAL OFS, likely to raise Rs 2,800 cr
The Finance Ministry on Thursday decided to exercise the green shoe option as the offer-for-sale of Hindustan Aeronautics Ltd (HAL) has received a good response, with the issue subscribed 4.5 times on day one. "Offer for Sale (OFS) of government shares in HAL got great response on day one. Issue subscribed 4.5 times of base size at a clearing price above the floor price by non-retail investors. Govt has decided to exercise the green shoe option. Retail investors get chance to bid tomorrow," DIPAM Secretary Tuhin Kanta Pandey said in a tweet. The OFS comprised of base issue size of 1.75 per cent or 58.51 lakh shares, with an option to retain over-subscription of an equal quantum. The government on Wednesday proposed to sell up to a 3.5 per cent stake in HAL at a floor price of Rs 2,450 a share, if fully subscribed, the OFS would fetch about Rs 2,800 crore to the exchequer. On the first day of OFS, shares of HAL closed 4.87 per cent down at Rs 2,497.40 each on BSE. The floor price i23-03-2023
Hindustan Aeronautics Ltd - 541154 - Updates on Notice of Offer for Sale of Shares by Promoter
With reference to the earlier Notice of Offer for Sale of Shares by Promoter dated March 22, 2023, The President of India (acting through the Department of Defence Production, Ministry of Defence, Government of India ("the Seller") has now informed BSE that :"In this regard, we wish to intimate BSE and NSE of our intention to exercise the Oversubscription Option to the extent of 58,51,781 (1.75%) equity shares of the Company in addition to the Base Offer Size. Accordingly, the Offer Shares will be 11,703,563 (3.50%) equity shares of the Company. Consequently, 11,70,357 equity shares would be available as part of the offer on March 24, 2023, to the retail investors.All capitalised terms used herein but not defined shall have the meaning ascribed to them in the Notice filed with the Stock Exchanges".23-03-2023
Hindustan Aeronautics Ltd - 541154 - Announcement under Regulation 30 (LODR)-Newspaper Publication
We are enclosing herewith a copy of the newspaper publication of Offer for Sale of shares of the Company by the President of India through the Stock Exchange Mechanism. The same has been published in "The Economics Times", "The Financial Express", "Business Standard" and "Business Line", on 23rd March, 2023.23-03-2023
Hindustan Aeronautics Ltd - 541154 - Notice of Offer for Sale of Shares by Promoter & Floor Price
The President of India (acting through the Department of Defence Production, Ministry of Defence, Government of India) (the 'Seller') proposes to sell up to 1.75% (58,51,782) equity shares of face value of Rs.10 each of the Company ('Base Offer Size'), on March 23, 2023 ('T day'), (for non-Retail Investors only) and on March 24, 2023 ('T+1 day') (for Retail Investors and non-Retail Investors who choose to carry forward their un-allotted bids) with an option to additionally sell 1.75% (58,51,781) equity shares of the Company (the 'Oversubscription Option' and in event the Oversubscription Option is exercised, the equity shares forming part of the Base Offer Size and the Oversubscription Option will represent 3.50% (11,703,563) equity shares of the Company, and will collectively, hereinafter be referred to as 'Offer Shares'. In case the Oversubscription Option is not exercised, the equity shares forming part of the Base Offer Size will hereinafter be referred to as 'Offer Shares') through a separate, designated window of the BSE Limited (the 'BSE') and the National Stock Exchange of India Limited (the 'NSE' and together with BSE, the 'Stock Exchanges' collectively representing 1.75% of the total paid up equity share capital of the Company on December 31, 2022, and such offer hereinafter referred as the 'Offer').Date and time of the opening and closing of the offer:The Offer shall take place on a separate window of the Stock Exchanges on March 23, 2023 ('T' day) and March 24, 2023 ('T+1' day), from 9:15 a.m. to 3:30 p.m. (Indian Standard Time) on both days, as per...22-03-2023
Hindustan Aeronautics Ltd - 541154 - Revised Risk Management Policy
The Company has revised the Risk Management Policy which is available in Investors section on Company''s website, i.e. www.hal-india.co.in21-03-2023
HAL share price gains as govt approves 70,500-cr proposals for Armed forces
The up move was fuelled by the government's approval for proposals worth 70,500 crore for the Armed Forces & Indian Coast Guard17-03-2023