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(As on Apr 04, 2025, 10:11)

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Govt to sell up to 4.83% stake in Mazagon Dock via OFS at Rs 2,525/Share

The government plans to divest up to 4.83% stake in Mazagon Dock Shipbuilders Ltd (MDL) through an Offer for Sale (OFS) at a floor price of ?2,525 per share.

DIPAM Secretary Arunish Chawla announced that the OFS will begin on April 5 for non-retail investors, while retail investors can place bids on April 7. The sale includes a 2.83% equity divestment, with an additional 2% as a green shoe option.

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