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The Economic Times

Akash Podishetti

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

Cochin Shipyard OFS

The government will sell up to 5.04% stake in Cochin Shipyard Ltd through an offer for sale, with the floor price fixed at Rs 1,400 per share. The offer will open for non-retail investors on July 7, while retail investors will be able to place bids on July 8.

The government will first sell 2.52% of Cochin Shipyard's paid-up equity as the base offer. It has also kept an additional 2.52% stake as a green-shoe option, which can be exercised if the issue receives strong demand. This means the total stake sale can go up to 5.04%.

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