Government Launches OFS for Cochin Shipyard

The Government of India has announced an Offer for Sale (OFS) of up to 5.04% in Cochin Shipyard as part of its ongoing disinvestment programme. The floor price has been fixed at Rs. 1,400 per share, with the offer opening first for institutional investors and later for retail investors.

The disinvestment aims to improve market liquidity while helping the government raise resources through strategic stake sales. Cochin Shipyard continues to benefit from strong demand in defence and commercial shipbuilding.

Analysts believe the company remains well placed to benefit from India’s increasing focus on maritime infrastructure and naval expansion.

MT | Money Times

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