Cochin Shipyard OFS gets 3.5x bids; govt exercises greenshoe

Cochin Shipyard's Offer for Sale (OFS) received bids 3.5 times the shares on offer, prompting the government to exercise the entire greenshoe option. The OFS will open for retail investors and employees on July 8 at a floor price of Rs 1,400 per share, reflecting strong institutional appetite for the PSU's divestment.