Promoters Aim to Meet Shareholding Norms.webp

Mumbai, March 12 Hazel Infra, the promoter entity of shipbuilder Swan Defence and Heavy Industries, is planning to sell its stake in the company through an offer for sale (OFS) next week, according to sources familiar with the development on Thursday.

The share sale, which comes amid volatile market conditions and challenges in the shipping or maritime industry due to the Middle East conflict, will help the promoters meet the minimum public shareholding norms, they told
 
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