India: Cabinet clears the way for public sector Cochin Shipyard's IPO

India: Cabinet clears the way for public sector Cochin Shipyard's IPO

Photo: Livemint

Cochin Shipyard Ltd, which is building the first entirely Indian-made aircraft carrier, will issue an initial public offering (IPO) to help fund a Rs.600 crore expansion to construct larger sophisticated ships and undertake ship repairs and fabrication.

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