Centre invites EoI bids from merchant bankers to manage Cochin Shipyard’s IPO

The central government has invited expression of interest bids from merchant bankers to manage an IPO for the sale of shares of Cochin Shipyard Limited. The IPO of over 33.9 million equity shares would include an issue of over 22.6 million fresh equity shares and sale of 10 per cent of government stake or over 11.3 million shares to public. The last date to submit the bids was February 18, 2016.

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