President of India sells 3.61% stake in Mazagon Dock

The President of India, acting through the Ministry of Defence, has sold 145,634,465 equity shares, representing 3.61% of Mazagon Dock Shipbuilders Limited (BSE:MAZDOCK), through an offer for sale mechanism. The sale, executed on April 4th and 7th, 2025, involved a base offer size and an oversubscription option, with a portion allocated to non-retail investors, retail investors, and employees. The total equity share capital of Mazagon Dock remains at 40,33,800,000 shares with a face value of INR5 per share, amounting to a total value of INR201,690,000,000 before and after the sale. Following the transaction, the President of India retains a substantial 81.22% stake in the company or 32,76,18,501 equity shares. The sale was conducted in compliance with SEBI regulations regarding substantial acquisition of shares and takeovers, utilizing stock exchange mechanisms as per established guidelines.