Swan Defence and Heavy Industries Limited

Promoter Hazel Infra Limited sold 26,38,747 shares of Swan Defence and Heavy Industries for ₹490.14 Cr at ₹1857.48 apiece through a market sale, decreasing its stake from 94.91% to 89.90%. This transaction was conducted as an Offer for Sale (OFS) to meet minimum public shareholding norms.

A specialized shipbuilding and heavy engineering company engaged in the construction of vessels, repairs, and refits of ships and offshore rigs. Incorporated in 1997, the company operates in India's maritime and defense sectors, offering integrated solutions for naval and commercial vessel projects. Its core competency lies in heavy engineering capabilities combined with expertise in specialized ship construction, maintenance services, and complex engineering solutions for the marine industry.