Cochin Shipyard becomes successful resolution applicant for acquisition of TSL

31 Dec 2019 Evaluate

Cochin Shipyard (CSL) has been declared as the successful Resolution Applicant by the Committee of Creditors (CoC) of Tebma Shipyards (TSL) under the Corporate Insolvency Resolution Process (CIRP) of the Insolvency and Bankruptcy Code, 2016. The implementation of the transaction will be subject to compliance with applicable regulatory requirements and as per the final terms approved by the National Company Law Tribunal.

Cochin Shipyard is the first Greenfield and presently the most modern shipbuilding and ship repair yard in India. The company caters to clients engaged in India’s defence segment and global commercial shipping sector.

Cochin Shipyard Share Price

1295.70 -67.45 (-4.95%)
21-Nov-2024 16:59 View Price Chart
Peers
Company Name CMP
Mazagon Dock Ship 4006.20
Cochin Shipyard 1295.70
VMS Industries 40.60
Knowledge Marine & E 2016.10
Laxmipati Engineerin 240.15
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