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HAL Shares tank over 5%

Published on March 23, 2023
Current Context: Central Government will be disinvesting in Hindustan Aeronautics (HAL) of 3.5% to raise worth Rs 2,867 crore.
HAL Shares tank over 5%
  • After the Government announced the disinvestment of up to 3.5% stake in Hindustan Aeronautics (HAL) , Hindustan Aeronautics Ltd (HAL) shares tanked 5.5% to Rs 2480.05.
  • At a discount of just over 1% from the current price, the floor price has been set at Rs 2450.
  • The Offer For Sale constitutes a base offer size of 1.75% of equity shares with an option to additionally sell 1.75%, currently at the total offer size to 3.5%.
  • According to recent data, the government owns 75.15% of Hindustan Aeronautics Ltd.
  • The net profit of Hindustan Aeronautics Ltd rose 57% to Rs 5,087 crore in FY22. It reported a 23% on-year increase in net profit at Rs 1,154 crore in FY23.

Question:

Q.1 Central Government will be disinvesting in Hindustan Aeronautics (HAL) of _______
a. 3.5%
b. 3.0%
c. 2.54%
d. 2.0%
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