India's Mazagon Dock falls as government plans stake sale at discount

Mazagon Dock Shipbuilders

04/04/2025 05:11

** Shares of Mazagon Dock Shipbuilders MAZG.NS slide 5.8% to 2,580.1 rupees

** India's government plans to sell up to 4.8% stake in co at 2,525 rupees, a 7.8% discount to last close

** Sale to open for non-retail investors on Friday; retail investors can bid for shares on Monday

** India government owns 85% stake in co

    ** Stock down 2.5% this week, trims YTD gains to 15.8%

(Reporting by Nandan Mandayam in Bengaluru)

((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))