Cochin Shipyard signs an agreement to acquire a 23% stake in the Dutch ship design firm Conoship. The deal is valued at a cash consideration of €2.30 million, reported as approximately ₹25 crore.
The company says the transaction also sets up cooperation between the two firms. NDTV reports that Cochin Shipyard and Conoship will jointly explore opportunities related to upcoming technologies, including alternate fuels for short-sea vessels. Across the outlets provided, the core terms—stake percentage and purchase value—match, while the emphasis varies, with NDTV highlighting the intended areas of collaboration following the investment.
