Mazagon Dock Shipbuilders to launch IPO on 29 Sept, say reports; govt likely to dilute stake in company
4 years, 3 months ago

Mazagon Dock Shipbuilders to launch IPO on 29 Sept, say reports; govt likely to dilute stake in company

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The Mazagon Dock IPO was supposed to be launched last September, but was shelved due to low demand Mazagon Dock Shipbuilders, a state-owned defence company under the Ministry of Defence, will launch its initial public offering on 29 September, said reports. As per a report in _The Hindu- BusinessLin_e, the Mazagon Dock IPO was supposed to be launched in September last year, but got shelved due to low demand. The present decision comes as the government is likely to dilute its 10 -15 percent stake in the company via the public offer, which will help it raise Rs 700- 800 crore. For the financial year ended March 2020, Mazagon Dock Shipbuilders reported a revenue of Rs 5,566 crore while its profit stood at Rs 415 crore.

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Defence Stock Mazagon Dock Shipbuilders stock in focus as it fixes record date for stock split
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3 weeks ago

Defence Stock Mazagon Dock Shipbuilders stock in focus as it fixes record date for stock split

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3 weeks, 5 days ago

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The government-owned BEML Ltd. announced on Wednesday, November 27, that it has signed an agreement with Mazagon Dock Shipbuilders to develop technologies for the marine industry, news agency PTI reported. “BEML and Mazagon Dock Shipbuilders Ltd have entered into a strategic Memorandum of Understanding to jointly advance research and development in cutting-edge technologies for marine applications,” the statement reads. Mazagon …

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1 month, 2 weeks ago

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