The government is set to sell up to 5% stake in Cochin Shipyard through an offer for sale. The floor price for the shares is Rs 1,540 each, representing an 8% discount from the previous closing price.
Cochin Shipyard OFS was subscribed 216.25% by non-retail investors on the first day. The offer will open for retail investors and employees on Thursday. The government intends to offload its 5% stake ...
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