Govt gets good retail interest in Cochin Shipyard OFS: DIPAM

New Delhi: The Government on Thursday said it has received good interest from retail investors in the offer for sale (OFS) of Cochin Shipyard.

Through the two-day OFS, the government sold a 5 percent stake or 1.3 crore shares in Cochin Shipyard.

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Institutional investors on Wednesday over-subscribed the portion reserved for them. The issue opened for retail investors on Thursday.

"The second day of Cochin Shipyard Limited OFS closed with good interest from retail investors. We thank all investors for their participation," Department of Investment and Public Asset Management Secretary Tuhin Kanta Pandey said on X.

The share sale is likely to fetch about Rs 2,000 crore to the exchequer.

The government currently holds 72.86 percent of Cochin Shipyard.

Shares of Cochin Shipyard closed at Rs 1,559.80, down 1.81 percent over the previous close on BSE.

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