Government announces Employees Offer for Sale of Hindustan Aeronautics Ltd's shares

The Department of Investment and Public Assets Management, Ministry of Finance, Government of India approval letter dated 31st August, 2020, the President of India acting through Department of Defence Production, Ministry of Defence, Government of India proposes to offer 5,02,462 equity shares of face value of Rs. 10/- each to the Eligible Employees of the Company at a discounted price of Rs. 950.95 per equity share (i.e. price at a discount 5% discount to the issue/discovered price (cut off price) i.e. Rs. 1001.00 per equity shares), in the offer for sale of equity shares of the Company carried out by the President of India acting through Department of Defence Production, Ministry of Defence, Government of India on 27th & 28th August, 2020.

This Offer for Sale will remain open from 4th September, 2020 (10:00 AM) to 9th September, 2020 (05:00 PM) (both days inclusive).

Shares of Hindustan Aeronautics Ltd was last trading in BSE at Rs.925.15 as compared to the previous close of Rs. 894.45. The total number of shares traded during the day was 174180 in over 11625 trades.

The stock hit an intraday high of Rs. 937.9 and intraday low of 891.8. The net turnover during the day was Rs. 160356588.

Source : Equity Bulls

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