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The board of Cochin Shipyard will meet on Monday to consider a proposal for buyback of the fully paid-up equity shares of the company. Investors would be keen to know the buyback size and price of the issue. Shareholders would also eye the mode of buyback - whether through open market purchase or via tender route. The PSU Defence company hit the market in August 2017 at an IPO price of ₹432 and the Centre still holds 75 per cent in the company.
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