NEW DELHI: The authorities will sell up to 4.83 per cent stake in Mazagon Dock Shipbuilders at a flooring worth of Rs 2,525 per share. “Provide for Sale in Mazagon Dock Shipbuilders Restricted (MDL) opens tomorrow for Non-Retail traders. Retail traders can bid on Monday. Government will divest 2.83% fairness with an extra 2% as inexperienced shoe possibility,” DIPAM Secretary Arunish Chawla mentioned in a submit on X.
The OFS will open for institutional traders on Friday. Retail patrons can put in bids on April 7.
The authorities is promoting 1.14 crore fairness shares, with a greenshoe possibility to sell extra 80.67 lakh shares.
The share sale of up to 4.83 per cent at a flooring worth of Rs 2,525 a bit 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 earlier shut on the BSE.
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