💨 Abstract

The Indian government plans to sell a 5% stake in Cochin Shipyard, valued at approximately $241.2 million, with a discounted floor price of 1,540 rupees per share. The sale will be split between non-retail and retail investors starting October 16 and 17, respectively. The government has already raised 31.61 billion rupees through divestments in the current fiscal year.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖