Government of India 4.95% offer for sale in Cochin Shipyard
The Government sold about 5% of Cochin Shipyard through a stock exchange offer for sale.
- Company
- Cochin Shipyard
- Type
- Stake sale
- Status
- Completed
- Date
- 17 Oct 2024
- Value
- INR 20.15bn
- US$ equivalent
- US$241m
- Value basis
- ₹2,015.32 crore to the Government for 4.95% of Cochin Shipyard; government holding cut to 67.91%
- Region
- India
- Segment
- Listed equity
Parties
- Government of India (Ministry of Ports, Shipping and Waterways) seller
Key terms
- Stake sold
- 4.95%
- Offer for sale
- 16-17 Oct 2024
- Floor price
- ₹1,540 a share
- Government holding after
- 67.91%
Sources
- DIPAM: disinvestment receipts 2024-25 dipam.gov.in · 2025
- BSE: offer for sale details, Cochin Shipyard Ltd m.bseindia.com · 16 Oct 2024
Record DEF-INV-2024-0034. Investments are kept apart from the financings register and never counted in debt totals.
