Hazel Infra Limited, a promoter of Swan Defence and Heavy Industries Limited, has announced its intention to sell up to 26,38,747 equity shares of the company.
This sale will be conducted through an Offer for Sale (OFS) via the stock exchange mechanism, representing up to 5.01% of Swan Defence's total paid-up share capital.
The Offer for Sale by Hazel Infra Limited involves the disposal of 26,38,747 equity shares of Swan Defence and Heavy Industries Limited.
The shares are to be sold through the stock exchange mechanism, with the proposed transaction dates set for March 18, 2026, and March 19, 2026. The current market price of the shares, as of March 16, 2026, stands at ₹2,393.95 on the BSE.
In compliance with SEBI regulations and the company's Code of Conduct for Prevention of Insider Trading, Hazel Infra Limited has submitted an application for pre-clearance approval.
This includes an undertaking that the company is not in possession of any unpublished price-sensitive information. The approval, once granted, will allow Hazel Infra Limited to execute the sale within 5 trading days.
Read More: Kenneth Andrade-Led Old Bridge Fund Sells HCL Tech Stake, Buys Tata Motors PV!
The sale of these shares by Hazel Infra Limited is a significant move, representing a 5.01% stake in Swan Defence.
This transaction is part of the company's broader strategy and compliance with regulatory requirements. The shares will be debited or credited as determined during the actual stock exchange deal.
As of March 17, 2026, at 3:30 PM, Swan Defence and Heavy Industries share price on NSE was trading at ₹2,399.10 up by 0.50% from the previous closing price.
Hazel Infra Limited's decision to sell 26,38,747 shares of Swan Defence highlights a strategic realignment of its holdings. The transaction, conducted through an Offer for Sale, ensures transparency and adherence to regulatory standards.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.
Published on: Mar 18, 2026, 8:18 AM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
EN