Branch2 Intelligence
Cochin Shipyard shares in focus after OFS opens today; check discount and other details
Key takeaway
Indian government sells 2.52% stake in Cochin Shipyard via OFS with greenshoe option.
- Step 11st-order: Government sells 2.52% stake in Cochin Shipyard via OFS at a discount.
- Step 22nd-order: Increased share supply and discounted price cause short-term price decline and higher free float.
- Step 33rd-order: Higher free float attracts institutional investors, improving liquidity and potentially leading to re-rating.
Source: CNBC TV18 (Markets)
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