06-Jul-2026 20:48:43
Government to Sell Up to 5.04% Stake in Cochin Shipyard via OFS
The government will divest up to 5.04% stake in Cochin Shipyard through an Offer for Sale (OFS), with a base issue of 2.52% and an additional 2.52% green-shoe option. The floor price has been fixed at ₹1,400 per share, nearly an 8% discount to the previous closing price. The OFS opens for institutional investors on July 7 and retail investors on July 8, supporting the Centre's FY27 disinvestment programme.