Stock to Watch: Cochin Shipyard shares in focus as Govt to sell up to 5% stake via OFS
Shares of state-run Cochin Shipyard are likely to remain in focus on Wednesday as the government will sell up to 5% stake sale in the company via an offer for sale (OFS). The floor price is set at Rs 1,540 per share and the two-day issue opens today. The base issue comprises the sale of…
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Vedanta garners Rs 3,100 crore from Hindustan Zinc OFS
Billionaire Anil Agarwal’s Vedanta fell short of meeting its initially targeted proceeds from an offer for sale (OFS) in group entity Hindustan Zinc, with the exercise netting βΉ3,100 crore for the resources conglomerate that had first sought to garner up to βΉ6,500 crore in stake dilution but later reduced the OFS size. Vedanta sold 63.6…
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