Office Address
123/A, Miranda City Likaoli Prikano, Dope
Phone Number
+0989 7876 9865 9
+(090) 8765 86543 85
Email Address
info@example.com
example.mail@hum.com
123/A, Miranda City Likaoli Prikano, Dope
+0989 7876 9865 9
+(090) 8765 86543 85
info@example.com
example.mail@hum.com
The Indian government will offload a stake of about 5% in shipbuilder
Cochin Shipyard, as per an exchange filing.
The base size of
the offer will be 2.5%, amounting to about 6.6 million shares, with an option
to sell an additional 2.5% stake.
The government has raised 31.61 billion rupees through divestments in the
ongoing fiscal year, including 23.46 billion rupees from selling its stake in
General Insurance Corporation of India, according to its website.
It has, however,
not set a target for divestment for the year, a departure from its usual
practice.
The sale of Cochin Shipyard’s stake will open on Oct. 16 for non-retail
investors and on Oct. 17 for retail investors.
The Indian government held 72.86% stake in Cochin Shipyard as of June
30, according to exchange data.
Cochin Shipyard makes ships including bulk carriers, passenger vessels,
and aircraft carriers.
