Mumbai, July 7 -- The President of India, acting through the Ministry of Ports, Shipping and Waterways, proposes to sell up to 66.29 lakh equity shares, representing a 2.52% stake in the company, as the base offer. The government also has an oversubscription option to sell an additional 66.29 lakh shares, taking the total offer size to 1.33 crore equity shares, or 5.04% of the company's paid-up equity capital.

The OFS opened for non-retail investors on Tuesday, 7 July 2026, while retail investors, eligible employees and non-retail investors opting to carry forward unallotted bids can participate on Wednesday, 8 July 2026.

The floor price for the OFS has been fixed at Rs 1,400 per share, implying a discount of 6.96% to the previous day's...