InfraDefenceThe capital behind defence.
Stake sale · Completed · 7 Apr 2025

Government of India 3.61% offer for sale in Mazagon Dock Shipbuilders

The Government sold 3.61% of warship and submarine builder Mazagon Dock through a stock exchange offer for sale.

Company
Mazagon Dock Shipbuilders (MDL)
Type
Stake sale
Status
Completed
Date
7 Apr 2025
Value
INR 36.73bn
US$ equivalent
US$424m
Value basis
₹3,673.42 crore to the Government for 3.61% of Mazagon Dock; government holding cut to 81.22%
Region
India
Segment
Listed equity

Parties

  • Government of India (Ministry of Defence) seller

Key terms

Stake sold
3.61%
Offer for sale
4-7 Apr 2025
Floor price
₹2,525 a share
Government holding after
81.22%

Sources

  1. DIPAM: disinvestment receipts 2025-26 dipam.gov.in · 2026
  2. BSE: offer for sale details, Mazagon Dock Shipbuilders Ltd m.bseindia.com · 4 Apr 2025

Record DEF-INV-2025-0040. Investments are kept apart from the financings register and never counted in debt totals.

Randeep Bubbra
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