Cochin Shipyard share price falls 4% as OFS opens today for non-retail investors. Details here

Cochin Shipyard shares fell 4% to around ₹1,445 on NSE after the government launched an Offer for Sale (OFS) to divest up to a 5.04% stake in the state-owned shipbuilder. The floor price is set at ₹1,400 per share, with non-retail bidding opening on July 7 and retail bidding on July 8. The base offer of 2.52% includes a green-shoe option for an additional 2.52%, and the stake sale is part of the government's FY27 disinvestment programme.