Aiming to meet its $11 billion divestment target by March 2018, the Government of India is considering selling up to 25% of its stake in four state-owned companies under the control of the department of defense through an initial public offering. It has invited proposals by August 18.
The four companies are Mazagon Dock Limited., Bharat Dynamics Limited, Garden Reach Shipbuilders & Engineers Limited., and Mishra Dhatu Nigam Limited, reports VCCircle.
Last updated: December 26th, 2025
