mazagon dock shipbuilders share price – OFS impact: Mazagon Dock shares tank 6%; non-retail investor bids kick off
Shares of Mazagon Dock Shipbuilders Ltd tumbled 6 per cent in Friday’s trade as the two day offer for sale by the government kicked off. The defence stock is in news as the promoter entity is looking to sell up to 1,14,10,366 shares of the company (base offer), representing 2.83 per cent of the total paid up equity share capital of the Company) from April 4 to April 7.
On Friday, only non-retail investors can bid in the issue. The floor price set at 2,525 was at 7.7 per cent discount to Thursday’s closing price of Rs 2,735.45. Following this, the stock fell 6.19 per cent to hit a low of Rs 2.566 on BSE.
Retail investors, employees and non-retail investors, who decided to carry forward their un-allotted bids from Friday, may bid in the…
