The Indian government plans to sell up to a 5% stake in Cochin Shipyard through an Offer for Sale (OFS). The floor price for the shares has been set at ₹1,540 per share.
This move is part of the government's disinvestment strategy to raise funds. Cochin Shipyard, a leading player in the shipbuilding sector, is expected to see active investor interest due to its solid financial performance and key role in defense and maritime projects. The sale could help the government meet its fiscal goals.