New Delhi:The government will sell up to 5 per cent stake in Cochin Shipyard at a floor price of ₹1,400 per share through an offer for sale beginning Tuesday.
The "government announces offer for sale in Cochin Shipyard Ltd (CSL) with a base offer of 2.52 per cent of its paid-up equity and an additional 2.52 per cent as the green-shoe option in case of over subscription," Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said on X.
The offer for sale (OFS) opens for non-retail investors on July 7, 2026. Retail investors can bid on July 8, 2026.
The floor price of ₹1,400 per share is at a 7 per cent discount over Monday's closing price on BSE.
Shares of Cochin Shipyard closed at ₹1,504.75, down 1.25 per cent over the previous close on BSE on Monday.
The government currently holds a 67.91 per cent stake in CSL.
So far in the current fiscal, the government has sold stake via OFS in six public sector entities -- Central Bank of India, Coal India, NHPC, NLC India, GIC and IRFC, garnering a cumulative ₹18,561 crore.
For the full fiscal year, the government has budgeted to raise ₹80,000 crore via PSU disinvestment and asset monetisation.
