Cochin Shipyard Stake Sale: Govt to sell up to Rs 1.3 crore shares of PSU in OFS! Floor price

The Indian government plans to sell up to ₹1.3 crore shares of Cochin Shipyard through an offer for sale (OFS). The floor price for the OFS has been set at ₹350 per share. The sale is part of the government’s disinvestment strategy to raise funds and reduce its stake in public sector undertakings (PSUs). The OFS will be open for both institutional and retail investors, with a portion reserved for retail investors at a discount. The proceeds from the sale will be used to support the government’s fiscal initiatives and fund various development projects. The OFS is expected to attract significant investor interest due to Cochin Shipyard’s strong financial performance and growth prospects12.