New Delhi, July 7 -- The Government of India on Monday announced an Offer for Sale (OFS) in Cochin Shipyard Limited, with a floor price of Rs 1,400 per share.

The government will divest a base 2.52 per cent stake in the state-owned shipbuilder. It has also included an additional 2.52 per cent stake under the green-shoe option in case of oversubscription.

Secretary, Department of Investment and Public Asset Management (DIPAM), said in a post on X, "Government announces Offer for Sale in Cochin Shipyard Ltd (CSL) with a base offer of 2.52% of its paid-up equity and an additional 2.52% as the green-shoe option in case of over subscription."

The Secretary further said, "Floor price has been fixed at Rs.1400 per share. OFS opens for non-ret...