THEBUSINESSBYTES
BUREAU
NEW
DELHI, JULY 6, 2026
The Central
Government has announced the sale of up to a 5 per cent stake in Cochin
Shipyard Ltd (CSL) through an Offer for Sale (OFS), setting a floor price of ₹1,400 per equity share. The move
forms part of the government's ongoing public sector disinvestment programme
aimed at unlocking value from state-owned enterprises while
broadening investor participation.
The Department of
Investment and Public Asset Management (DIPAM) said the OFS comprises a base
offer of 2.52 per cent of Cochin Shipyard's paid-up equity capital, along with
an additional 2.52 per cent green-shoe option that may be exercised in the
event of oversubscription.
Announcing the
development on social media platform X, DIPAM Secretary Arunish Chawla said,
"Government announces offer for sale in Cochin Shipyard Ltd (CSL) with a
base offer of 2.52 per cent of its paid-up equity and an additional 2.52 per
cent as the green-shoe option in case of over subscription."
The OFS will open for
non-retail investors on July 7, 2026, while retail investors will be able to
place bids on July 8, 2026. The government currently holds a 67.91 per cent
stake in the premier shipbuilding and ship repair company.
The proposed stake sale marks another significant step in the Centre's strategic disinvestment roadmap. During the current financial year, the government has already divested stakes through OFS in six public sector undertakings — Central Bank of India, Coal India, NHPC, NLC India, GIC, and IRFC — raising a cumulative ₹18,561 crore.
