Govt promoter sells 1.2 cr Cochin Shipyard shares for Rs 1,113 Cr
COCHINSHIP · price
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On the reaction day the stock moved 0.8 pts less than Nifty Midcap 150 and 0.2 pts less than its Industrial Manufacturing peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Government of India, through the Ministry of Ports, Shipping and Waterways, sold about 1.2 crore shares (roughly 4.58 percent) of Cochin Shipyard for Rs 1,113.28 Crores via an Offer for Sale on July 7 and 8, 2026. Promoter stake dropped from 67.91 percent to 63.33 percent.
Government trimming stake can create short-term supply pressure but widens public float; promoter still holds 63.33 percent.