Mazagon Dock Shares Tank 13%! Is the Government’s Big Sell-Off to Blame?

Shares of Mazagon Dock Shipbuilders Ltd. nosedived by over 13% in Monday’s trading session after the Indian government decided to offload more of its stake in the state-run defense shipbuilder. The government initially planned to sell a 2.83% stake but has now decided to exercise the oversubscription option, increasing the total stake on offer to … Read more