The government is planning to sell up to 4.83% stake in Mazagon Dock Shipbuilders at a floor price of Rs 2,525 per share. The government is selling 1.14 crore equity shares, with a greenshoe option to sell additional 80.67 lakh shares.
Offer for Sale is open for institutional investors on April 4. Retail buyers can put in bids on April 7.
Mazagon Dock Shipbuilders is the India's leading defence public sector undertaking shipyard under the Ministry of Defence.