Cochin Shipyard buyback offer to open on Nov 28 for 43.9 lakh shares

The buyback offer will close on December 11.

Nov 26, 2018 04:11 IST India Infoline News Service

Cochin Shipyard (CSL), the largest Indian public sector shipyard and ship repairer, said on Friday, that its up to Rs200cr share buyback offer will open on November 28. The buyback offer will close on December 11.

The company informed about the “Letter of Offer” to buyback 43.95 lakh equity shares constituting 3.23% stake of the company in a regulatory filing.

Shares of Cochin Shipyard Ltd is currently trading at Rs388.95 up by Rs11.8 or 3.13% from its previous closing of Rs377.15 on the BSE.
The scrip opened at Rs384.95 and has touched a high and low of Rs403.95 and Rs383.05 respectively.

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