Sale17 Mar 2026, 06:33 pm
Promoter Hazel Infra Limited of Swan Defence and Heavy Industries Ltd to Sell Up to 5.01% Stake via OFS
AI Summary
Promoter Hazel Infra Limited of Swan Defence and Heavy Industries Ltd (formerly Reliance Naval and Engineering Limited) has announced an Offer for Sale (OFS) of up to 26,38,747 equity shares, representing 5.01% of the total paid-up share capital. The OFS is proposed to be undertaken on 18th March, 2026 for non-Retail Investors and on 19th March, 2026 for Retail Investors and non-Retail Investors who choose to carry forward their unallotted bids from T Day. The price discovery will be on a price priority basis at multiple clearing prices in accordance with the OFS Guidelines. The floor price and cut-off price will be determined as per the SEBI OFS Circular and OFS Guidelines.
Key Highlights
- Promoter Hazel Infra Limited to sell up to 5.01% stake in Swan Defence and Heavy Industries Ltd
- OFS to take place over two trading days on 18th and 19th March, 2026
- Price discovery on a price priority basis at multiple clearing prices
- Floor price and cut-off price to be determined as per SEBI OFS Circular and OFS Guidelines
- Minimum 25% of the offer shares reserved for Mutual Funds and Insurance Companies