Wednesday, 12 April 2017

HAL IPO likely to hit market by the end of August : 12 April 2017



Hindustan Aeronautics Ltd (HAL) plans to hit the market with an initial public offering by the end of August, said the media reports.

Earlier, the company had planned to hit the market by 2016-end along with 10 per cent government stake sale.

The company has capex plans for Rs 800 crore and has a net worth of Rs 17.12 lakh crore. Its profit after tax stood at Rs 2,388 crore.

The government in 2013 appointed four merchant bankers- SBI Cap, Goldman Sachs, Barclays and Axis Capital -for managing the stake sale of HAL.

The government holds 100 per cent stake in HAL.

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