The Exchange has sought clarification from Mazagon Dock Shipbuilders Limited with respect to recent news item captioned India, Germany in talks for $8 billion submarine manufacturing deal. The response from the Company is awaited.
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The NSE has asked Mazagon Dock Shipbuilders to clarify a recent news report about India and Germany being in talks for an $8 billion submarine manufacturing deal. Mazagon Dock, a leading defence shipyard under the Ministry of Defence, is potentially one of the companies that could be involved in such a deal. The company is yet to send its response to the exchange. No official confirmation, denial, or details have been provided by the company so far.
This is purely a clarification request and not a confirmed order or business development. Until the company responds, investors should treat the news as unverified. Any positive or negative reaction in the stock may be premature and could be based on speculation.