Govt to sell up to 4.83% in Mazagon Dock at Rs 2,525 per share PSU Watch
Defence Watch

Govt to sell up to 4.83% in Mazagon Dock at Rs 2,525 per share

The Government will sell up to 4.83 percent stake in Mazagon Dock Shipbuilders at a floor price of Rs 2,525 per share

Defence Watch Bureau

New Delhi: The Government will sell up to 4.83 percent stake in Mazagon Dock Shipbuilders at a floor price of Rs 2,525 per share.

"Offer for Sale in Mazagon Dock Shipbuilders Limited (MDL) opens tomorrow for Non-Retail investors. Retail investors can bid on Monday. Government will divest 2.83% equity with an additional 2 percent as green shoe option," DIPAM Secretary Arunish Chawla said in a post on X.

PSU Watch is now on Whatsapp Channels. Click here to join

The OFS will open for institutional investors on Friday. Retail buyers can put in bids on April 7.

The government is selling 1.14 crore equity shares, with a greenshoe option to sell additional 80.67 lakh shares.

The share sale of up to 4.83 percent at a floor price of Rs 2,525 a piece would fetch about Rs 5,000 crore to the exchequer.

Shares of Mazagon Dock closed at Rs 2,735.45, up 5.05 percent over previous close on the BSE.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

IREDA reports 86% growth in loan sanctions, loan book rises to Rs 84,445 crore in H1 FY26

PM Surya Ghar Muft Bijli Yojana reaches 20 lakh households: Joshi

SJVN commissions 128.88 MW solar capacity at Bikaner project

BHEL gets two new orders worth Rs 13-15K crore

Puri inaugurates IGL’s new office and smart gas meter plant, highlights India’s clean energy strides