COCHINSHIP

OFS: Govt to sell up to 5.04% stake; sets floor price at Rs 1,400 per share

Cochin Shipyard OFS: The government will sell up to 5.04 per cent of its stake in Cochin Shipyard Ltd through an offer for sale, said the secretary of the Department of Investment and Public Asset Management (DIPAM). DIPAM said in the post, "Government announces Offer for Sale in Cochin Shipyard Ltd (CSL) with a base offer of 2.52% of its paid-up equity and an additional 2.52% as the green-shoe option in case of oversubscription. Floor price has been fixed at Rs. 1400 per share. OFS opens for non-retail investors on 7th July 2026. Retail investors get to bid on 8th July 2026."