Mazagon Dock Shipbuilders will see a government stake sale of up to 4.83% through an Offer for Sale from April 4-7. The floor price is set at Rs 2,525 per share. Institutional investors can bid from April 4, while retail investors and employees can bid on April 7. The proceeds will help the government comply with public shareholding rules.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.