Govt brings 'greenshoe option' for HAL OFS, may raise ₹2,800 crore
Finance Ministry on Thursday decided to exercise the "greenshoe option" as the offer-for-sale (OFS) of Hindustan Aeronautics (HAL) was subscribed 4.5 times on day one. The government proposed to sell up to a 3.5% stake. If fully subscribed, OFS would fetch about ₹2,800 crore. "Greenshoe option" allows companies to issue more shares in an IPO when there's a greater demand.