Govt to sell 5% stake in Cochin Shipyard at Rs 1,400 per share via OFS

New Delhi: The Government will sell up to 5 percent stake in Cochin Shipyard at a floor price of Rs 1,400 per share through an offer for sale beginning Tuesday.

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The "government announces offer for sale in Cochin Shipyard Ltd (CSL) with a base offer of 2.52 percent of its paid-up equity and an additional 2.52 percent as the green-shoe option in case of over subscription," Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said on X.

The offer for sale (OFS) opens for non-retail investors on July 7, 2026. Retail investors can bid on July 8, 2026.

The floor price of Rs 1,400 per share is at a 7 percent discount over Monday's closing price on BSE.

Shares of Cochin Shipyard closed at Rs 1,504.75, down 1.25 percent over the previous close on BSE on Monday.

The government currently holds a 67.91 percent stake in CSL.

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So far in the current fiscal, the government has sold stake via OFS in six public sector entities -- Central Bank of India, Coal India, NHPC, NLC India, GIC and IRFC, garnering a cumulative Rs 18,561 crore.

For the full fiscal year, the government has budgeted to raise Rs 80,000 crore via PSU disinvestment and asset monetisation.

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