Government of India sells shares of Cochin Shipyard Ltd through buy-back offer

Cochin Shipyard Ltd's Promoter, The President of India acting through the Ministry has sold 3017558 equity shares of the company through Buy Back in BSE. The shares were sold for a total amount of Rs. 1372988890.

With this transaction, the shareholding of The President of India acting through the Mi has increased from 101952000 (75%) to 98934442 (75.21%), due to reduction in share capital after the buy back of equity shares. The shares were sold during the period 12/18/2018 to 12/18/2018.

Promoter Entity	Shares Acquired / Sold	Date / Period	Holding - Pre Transaction	Holding - Post Transaction
The President of India acting through the Mi	3017558	12/18/2018 to 12/18/2018	101952000 (75%)	98934442 (75.21%)

Shares of the company was last trading in BSE at Rs.383.15 as compared to the previous close of Rs. 390. The total number of shares traded during the day was 5292 in over 303 trades.

The stock hit an intraday high of Rs. 390.1 and intraday low of 382.1. The net turnover during the day was Rs. 2040019.

Source : Equity Bulls

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