The price of HAL shares fell by nearly 9 per cent in the early trading hours on Monday following the crash of the Tejas multirole fighter jet, manufactured by the company, at the Dubai air show on Friday, in which an IAF officer also died.
The ALH Mk III is fitted with a state-of-the-art Glass cockpit and powerful Shakti engine, it said, adding that the contract involves integration of 19 major systems with the existing ALH MK III.
The floor price for the offer shall be Rs 1,001 per equity share of the company.
Through the OFS, the government proposes to sell 33,438,750 shares constituting 10 per cent of the paid-up share capital.
The third prototype's flight was flawless and would augment the flight testing towards certification, HAL said
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