Swan Defence and Heavy Industries plans offer for sale to achieve minimum public shareholding

Business Desk — Mon, 09 Mar 2026 12:49:24 +0000

Swan Defence and Heavy Industries has received communication from promoter Hazel Infra Limited expressing intention to evaluate a proposal to sell approximately 5.01% of the company’s equity shares through an Offer for Sale (OFS) mechanism.

The potential sale aims to achieve Minimum Public Shareholding (MPS) requirements. As of 9 March 2026, the proposal remains under evaluation, with the company stating it will make further disclosures in accordance with SEBI regulations and applicable circulars upon receiving final confirmation from the promoter.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

This article is written by Business Desk and reviewed by News Desk before publication.

Minimum Public Shareholding | Business Upturn

Swan Defence and Heavy Industries plans offer for sale to achieve minimum public shareholding