New Delhi, July 6 -- The Centre on Monday announced an offer for sale (OFS) of up to 5.04% in Cochin Shipyard Ltd, marking another minority stake sale by the government as it looks to meet its FY27 disinvestment target through market transactions.

"The OFS comprises a base offer of 2.52% of the company's paid-up equity share capital, along with an additional 2.52% green-shoe option that may be exercised in case of oversubscription. The floor price has been fixed at Rs.1,400 per share," Arunish Chawla, secretary at the department of investment and public asset management (DIPAM), wrote in a post on X on Monday.

The offer will open for non-retail investors on 7 July, while retail investors will be able to bid on 8 July, in line with the s...