Announced Fri, 10 Jul · 09:46 IST
President of India sells 4.58 percent stake in Cochin Shipyard 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
₹1420.90
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.3-0.3-0.3+0.1+0.1-1.3+0.1-0.3-0.5-0.4————
Up moveDown movePending
AI summary
The President of India, acting as promoter of Cochin Shipyard through the Ministry of Ports, sold 1,20,49,170 shares equal to 4.58 percent of paid up capital via an Offer for Sale on BSE and NSE on July 7 and 8, 2026. Base offer was 2.52 percent but the oversubscription option was exercised for another 2.52 percent, plus 26,308 shares to employees. Promoter holding reduced from 67.91 percent to 63.33 percent.
Likely market impact
Government sold 4.58 percent stake via OFS. Promoter holding drops from 67.91 to 63.33 percent. Increased supply may pressure stock near term.