NEW DELHI: The government will sell up to 4.83 per cent 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% as green shoe option," DIPAM Secretary Arunish Chawla said in a post on X.
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 per cent 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 per cent over previous close on the BSE.
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 per cent 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 per cent over previous close on the BSE.
You may also like
Chelsea solve Jadon Sancho Man Utd transfer dilemma as Enzo Maresca sent 'next Neymar' reminder
Trump bravado as US market continues to tank after China retaliates
Eminem's daughter Hailie Jade gives birth to first child and reveals sweet nod to rapper
Common Entrance Test will be conducted for BEd admission in Bihar, you can register till this date.
IPL 2025: Marsh, Markram Miller Carry LSG To 203/8, Despite Pandya's Five-for
