The Indian government is preparing to sell a chunk of Cochin Shipyard (CSL) as it bids to build LNG carriers for domestic importer Gail.
The IPO would see 33.9m shares up for grabs, with about a third of these owned by the state.
Indian media said the rest would be new shares with a nominal value of INR 10 each.
Before any offer, the government is to carry out will out capital restructuring, boosting the authorised capital to INR 2.5bn
