The government will sell up to 5% stake in Cochin Shipyard via an offer for sale (OFS) and has set a floor price of Rs 1,540 per share. The two-day issue will open on Wednesday for non-retail investors.
The base issue comprises the sale of a 2.5% equity stake representing 65,77,020 shares with a green shoe option of another 2.5%.
The OFS will open for retail investors and employees of the company on Thursday.
The floor price of Cochin Shipyard shares are at a discount of 8% over Tuesday's closing price of Rs 1,673. The stock on Tuesday ended with gains of Rs 48.60 or 3% on the NSE over Monday's closing price.
The offer will take place during trading hours through a separate window on Thursday.
More to come...
The base issue comprises the sale of a 2.5% equity stake representing 65,77,020 shares with a green shoe option of another 2.5%.
The OFS will open for retail investors and employees of the company on Thursday.
The floor price of Cochin Shipyard shares are at a discount of 8% over Tuesday's closing price of Rs 1,673. The stock on Tuesday ended with gains of Rs 48.60 or 3% on the NSE over Monday's closing price.
The offer will take place during trading hours through a separate window on Thursday.
More to come...
You may also like
Startling report says Israeli forces used Palestinian detainees as human shields in booby-traps
How US picks its president: Decoding the election process
Alex Salmond died 'trying to open a bottle of ketchup' in front of horrified witnesses
Vastu Tips- Do not buy a broom on this day even by mistake, financial crisis will trouble you
Major blow for Donald Trump as losses at his Scottish golf course hit £14million
'Game changer' menopause supplement 'improves sleep' and leaves hair and nails 'stronger'
The stunning Greek city that's still 23C in October and as pretty as Crete or Corfu
Liverpool transfer target on Arsenal and PSG's radar as $33m move predicted
Sports News- These Indian bowlers do not give runs to the batsmen, the batsman has to crave for runs, know about them
Tiger Woods provides rare injury update after sad moment at Pebble Beach
Onions stay crisp and fresh for 'up to six months' when stored in ideal spot
Nazara Bags Shareholders' Nod To Fetch 48% Stake In Pokerbaazi's Parent
'Beautiful' £31 heated blanket helping shoppers 'save a fortune on heating bills'
Prince Louis's royal buddy who hilariously slapped down his bid to share her snacks
Paul Mescal reveals 'intense on-set fight' with Gladiator II director Ridley Scott
ITV Coronation Street icon to 'exit soap' after 26 years as new job 'already lined up'
RAC warns learner drivers to beware of booking 'rip off' black market driving tests
"We can create next-gen innovative products", says Boeing India President Salil Gupte as he urges cos to embrace quality
'Fake': Smriti Irani Shuts Down Rumours Of TV Comeback With Rupali Ganguly's Anupamaa After 15-Year Hiatus
BEML gets contract to make India's first high-speed train running at 280 kmph
