Cochin Shipyard: Promoter to Sell 5.04% Stake via OFS

The President of India, through the Ministry of Ports, Shipping and Waterways, acting as the promoter of Cochin Shipyard Limited, plans to sell up to 5.04% of the company's equity share capital via an Offer for Sale (OFS). The sale includes a base offer size of 2.52% and an oversubscription option for an additional 2.52%. The OFS will be conducted on July 7, 2026, for non-retail investors and on July 8, 2026, for retail investors, employees, and carry-forward bids. Additionally, up to 0.20% stake may be offered to employees. This move is in compliance with SEBI's OFS guidelines for companies with a market capitalization above INR 1,000 Crores.