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Govt To Offload 12.5% Stake In Mazagon Dock Shipbuilders Through IPO

Govt To Offload 12.5% Stake In Mazagon Dock Shipbuilders Through IPO

Submitted by • June 23, 2020 stockinvestorfinance.blogspot.com

Mazagon Dock Shipbuilder Company (MDL) is one of India's driving Open division undertaking shipyard under the Service of Barrier. Mazagon Dock Shipbuilders had just recorded their names in the essential market. It has again recorded draft plan to Sebi. As of reports, MDL will raise about Rs 700 crore through an Initial public offering.

As per the reports, the administration will sell 12.5 percent of stake in state-possessed MDL through an Initial public offering. In 2018, it has accomplished an estimation of Rs 4,399 crore of creation and a benefit before duty of Rs 696 crore. The request book for shipbuilding and submarines were Rs 51,442 crore as of June 2018. According to the source, eight warships and five submarines are under the development of Mazagon Dock Shipbuilders Ltd.

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