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.

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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.

Also read:MDL holds keel laying ceremony for Multi-Purpose Vessel

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.

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