The Centre has put a stake in Cochin Shipyard Limited (CSL) up for sale, announcing an Offer for Sale (OFS) of 2.52% of the company's paid-up equity. If the issue sees strong demand, the government can sell another 2.52% through a green-shoe option.

The government plans to sell up to 5.04% of Cochin Shipyard shares. This offer for sale begins July 7 for institutional investors. Retail investors can bid on July 8, with a floor…

Govt will sell up to 5% stake in Cochin Shipyard at a floor price of Rs 1,400 per share through an offer for sale from Tuesday. "Govt announces offer for sale in Cochin Shipyard…

Cochin Shipyard shares drop 4% as government OFS opens at ₹1,400, triggering heavy selling pressure in early trade.