Cochin Shipyard Ltd IPO Review Share Price Updates Strike against IPO Newspaper Latest News & Videos
Candidates can check out the Cochin Shipyard Ltd IPO Review Share Price Updates Strike against IPO, Cochin Shipyard Ltd IPO Review Share Price Latest News & Videos 2019 Latest News Updates, CRISIL Bids Offers Stock Price, Share Price, Live BSE/NSE News Updates
Cochin Shipyard Ltd IPO Share Price Review: Cochin Shipyard Ltd is a Public Sector Undertaking enjoying “Miniratna” status and the largest public sector shipyard in India in terms of dock capacity, as of 31 March 2015, according to the CRISIL Report. Trade unions under the Cochin Shipyard Joint Action Front held a token strike to put pressure on the management to desist from its proposed initial public offering move. CRISIL is a global analytical company providing Ratings, Research, and Risk & Policy Advisory services
While the whole-day strike was complete and peaceful, a meeting held in this connection urged the Govt to look at other means to raise funds for the profit-making yard’s expansion than selling its shares.
The official department has deferred the decision to disinvest Hindustan Newsprint limited at Velloor, at the request of the Minister. While the yard management maintains that Cochin Shipyard Ltd is being disinvested as a matter of policy, the yard can still be salvaged if the management so desires. Today’s strike was cent percent successful, and we are contemplating going on an indefinite strike if the management presses ahead with the decision by the minister. Meanwhile, yard sources said while officers and supervisors reported for duty on Friday, the workers kept away and taking part in the strike.
The yard and the Shipping Ministry have maintained that IPO is essential to raise funds for the construction of an international ship repair facility at the yard.
In the run-up to the Initial Public Offer, the govt will out through a capital restructuring exercise, enhancing the authorized capital to Rs 250 Crore, enabling the government to infuse Rs 120 Crore. Currently, the authorized capital is Rs 130 Crore. More, the company would ask to issue bonus shares in keeping with the guidelines of the department of public enterprises. The Cochin Shipyard Ltd amount of these to be issued against the cash surplus has not been declared. Its latest annual financial report said the reserves and surplus amounted to Rs 1,239 crore.
Cochin Shipyard Ltd Address/ Email Address/ Contact Number
Registered Office: Administrative Building, Cochin Shipyard Premises, Kochi – 682015, Kerala, India. , Phone : 91-484-2501306 Fax : 91-484-2384001, Email : firstname.lastname@example.org Official Website : www.cochinshipyard.com
The issue and the net issue will constitute 25 Percentage and 24.39 Percentage respectively. of the post, issue paid-up equity share capital of the company. Price band: Rs.424 to Rs.432 per equity shares of Rs.10 each. The floor price is 42.4 times the face value and the cap price is 43 times the face value. Strike against IPO total at Cochin Shipyard Limited latest News Updates
Credit Rating Information Services of India Limited is a global analytical company providing ratings, research, and risk and policy advisory services. CRISIL’s majority shareholder is Standard & Poor’s, a division of McGraw Hill Financial and provider of financial market intelligence.
सारी जानकारी हम यहाँ परजल्दी है अपलोड करेंगे. तो आप अधिक जानकारी के लिए हमारी वेबसाइट ओर विभाग की अधिकारिकवेबसाइट रोजाना विजिट करते र्हें. ओर आप इस वेबसाइट को बुकमार्क करना ना भूले यह सूचना आपकी सुविधाके लिए है, GJC Education Group Jaipur द्वारा दी गई सूचना आपकी अच्छी लगी तो आप इस सूचना कोअपने अन्य दोस्तो को भी बताए, जिससे वे भी इस सूचना के बारे मे जान सके, अधिक जानकारी के लिएसमन्धित विभाग की वेबसाइट को ज़रूर विजित करे–
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