The board of Cochin Shipyard will meet on Tuesday to consider a proposal for buyback of equity shares of the company. The meet was supposed to take place on October 5 but got rescheduled. Investors would be keen to know the buyback size and price. Shareholders would also eye the mode of buyback - whether through open market purchase or via tender offer route. The PSU Defence company hit the market in August 2017 at an IPO price of ₹432.
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