
Sale10 Jul 2026, 09:48 am
President of India Sells 4.58% Stake in Cochin Shipyard
AI Summary
The President of India, acting through the Ministry of Ports, Shipping and Waterways, has completed the sale of 1,19,33,344 equity shares in Cochin Shipyard Limited. This represents a total of 4.58% of the company's paid-up equity share capital. The sale was conducted through an Offer for Sale (OFS) mechanism on the stock exchanges, with shares sold on July 7, 2026, and July 8, 2026. An additional 26,308 shares were offered to eligible employees. This disclosure is made in compliance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Key Highlights
- President of India divested 4.58% stake in Cochin Shipyard.
- Sale executed via Offer for Sale (OFS) on stock exchanges.
- Includes shares sold to non-retail, retail, and employees.
- Disclosure complies with SEBI Takeover Regulations.
Price Impact
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