Government to sell up to 4.83 per cent in Mazagon Dock at Rs 2,525 per share – The Times of India


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.





Source link

support@headlinenews360.com

Related Posts

Yesterday, RBI announced the numeration for banks in this state only in the country

Bank Holiday: The Reserve Bank of India releases the bank holiday list every year for all the states of the country, which mentions the official holidays of the entire year…

China replies to Trump’s reciperook tariff, 34 percent fee will be charged on all American goods

China Tariff on America: China has also retaliated on US President Donald Trump’s reciperook tariff. Now China has also announced to impose 34 percent tariffs on goods imported from America…

Leave a Reply

Your email address will not be published. Required fields are marked *