Cochin Shipyard shares in focus as OFS worth Rs 1,856 crore opens today at 7% discount

The Government of India is selling up to 5.04% stake (around 1.3 crore shares) in Cochin Shipyard through an Offer for Sale worth approximately Rs 1,856 crore at a floor price of Rs 1,400 per share, a 7% discount to the market price. The OFS opens today for non-retail investors and tomorrow for retail investors and eligible employees. This marks another step in the government's FY27 disinvestment programme, following recent stake sales in Coal India, NHPC and NLC India.