The floor price for the Offer for Sale (OFS) of shares in Cochin Shipyard has been set at INR 1,400 ($14.68) each, reflecting a more than seven percent discount from the company’s previous closing price. This move is part of a broader strategy by the Indian government to facilitate divestment and asset monetisation.
An OFS enables significant shareholders in publicly listed companies to sell their shares on the stock market without generating new shares. The sale process will commence for non-retail investors on July 7, followed by an opening for retail investors on July 8.
This initiative is consistent with the Indian government’s objectives outlined in the Union Budget for 2026-27, which aims to raise INR 800 billion through various divestment and asset monetisation measures.
By implementing these plans, the government seeks to optimize its assets and enhance market participation, providing an opportunity for a broader range of investors to engage with Cochin Shipyard’s offerings.
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