Mazagon Dock Shipbuilders share price in focus as government to sell 4.8% stake in defence PSU via OFS today
Mazagon Dock Shipbuilders share price will be in focus on Friday after the company announced that the government will sell up to 4.8% stake in the defence PSU through an offer for sale (OFS).
The government will sell up to 4.83% stake in Mazagon Dock Shipbuilders at a floor price of ₹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% as green shoe option,” DIPAM Secretary Arunish Chawla said in a post on X on April 3.
For institutional investors, Mazagon Dock Shipbuilders OFS will open on Friday, April 4, while retail investors can bid for the OFS on April 7.
The government is…
