Progress on Indian state shipbuilder Cochin Shipyard’s IPO has been delayed as it failed to agree advisory fees with banks.
The Global Capital website, citing banking sources, said the government may have to call a second round of bids.
Nine banks offered in for the business: Axis Capital, Edelweiss Financial Services, IDBI, IDFC, ICICI Securities, IL&FS Capital Advisors, JM Financial, SBI Capital Markets and Yes Bank.
The
