Announced Fri, 10 Jul · 14:11 IST
Govt sells 4.58% stake in Cochin Shipyard for Rs 1,113 Cr via OFS
COCHINSHIP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.1%1-day move
₹1410.00
prior close
₹1418.40
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1+0.0+0.1+0.1+0.1-1.3+0.1-0.3-0.5-0.4————
Up moveDown movePending
AI summary
Government of India, the promoter of Cochin Shipyard, sold 1.20 crore equity shares via an Offer for Sale on the stock exchanges on July 7 and 8, 2026, raising about Rs 1,113.28 crores. Promoter stake fell from 67.91% to 63.33%, a reduction of 4.58%. Trades were executed on both BSE and NSE through the OFS window.
Likely market impact
Large government OFS adds near-term supply pressure but improves public float, liquidity, and reduces government holding in the PSU shipbuilder.