Govt to sell up to 5.04% stake in Cochin Shipyard through OFS. Check details

The Indian government will sell up to 5.04 percent stake in Cochin Shipyard through an Offer for Sale (OFS), comprising a base offer of 2.52 percent and a green-shoe option for an additional 2.52 percent. The floor price has been set at Rs 1,400 per share, with non-retail bidding on day one and retail investors getting a separate window the next day. The stake sale is part of the government's FY27 disinvestment programme and will increase public float in the PSU shipbuilding and ship repair company.