Union government proposed to divest up to a 4.83% stake in Mazagon Dock Shipbuilders, a state-run defence giant, through an offer-for-sale. Under the deal, government will initially sell around 2.83% stake, and if the issue is fully subscribed, it will sell an additional 2%. The OFS opens for retail investors on April 7 with floor price of ₹2,525 per share.