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State-run Cochin Shipyard files IPO papers with Sebi

State-run Cochin Shipyard files IPO papers with Sebi

Friday, March 24, 2017, 7:20 PM

India’s largest public sector shipyard Cochin Shipyard Limited, filed its Draft Red Herring Prospectus (DRHP) with the market regulator SEBI seeking permission for its Initial Public Offering (IPO). The IPO comprises of 33,984,000 equity shares consisting of a fresh issue of 22,656,000 equity shares and an offer for sale of 11,328,000 equity shares by the President of India.
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