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The Economic Times

Debaroti Adhikary

Cochin Shipyard shares fall 3% amid buzz around OFS at 8% discount

Cochin Shipyard OFS Economic Times NSE

Shares of Cochin Shipyard dropped around 3% on Monday after a report said that the government is likely to launch an offer for sale (OFS) in the PSU company at a discount of 6-8% to the current market price.

The company's shares plunged to Rs 1,418 apiece on NSE in the afternoon trading hours of Monday as buzz around stake sale by the company’s largest promoter may have dampened investor sentiment.

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