India's Cochin Shipyard falls on media report government to sell shares at discount
22/06/2026 08:44
BUZZ-India's Cochin Shipyard falls on media report government to sell shares at discount ** Shares of Cochin Shipyard COCH.NS fall 1.55% to 1,435.30 rupees
** Indian government planning an OFS in state-run shipbuilder at a discount of about 6%-8% to current market price, CNBC-TV18 reports
** Government held a nearly 68% stake in co as of March 31, according to LSEG-compiled data
** Reuters could not immediately verify the report. COCH and Department of Investment and Public Assets Management did not immediately respond to a Reuters' request for comment
** Centre has accelerated stake sales in state-run companies, having launched OFSs in GIC Re, NHPC, NLC India
** YTD, stock down 11.52%
(Reporting by Surbhi Misra in Bengaluru)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))
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