Centre plans listing of Cochin Shipyard Limited on NSE

The central government is planning to list Cochin Shipyard Limited (CSL) on the NSE. CSL’s IPO will be of over 33.9 million shares. This would comprise a fresh issue of over 22.6 million shares and a government-diluted 10 per cent stake of over 11.3 million shares. The government currently holds 100 per cent stake in the shipyard, which is under the administrative control of the Ministry of Shipping. The proceeds from the IPO would be utilised to fund the company’s future growth plans.