Cochin Shipyard promoter sells 4.58% stake for ₹1,713.28 crore
The President of India sold 1,20,49,170 equity shares of Cochin Shipyard, representing 4.58% of the paid-up equity capital, for ₹1,713.28 crore via an Offer for Sale on July 7 and 8, 2026. The transaction reduced the promoter's holding from 67.91% to 63.33%.
*this image is generated using AI for illustrative purposes only.
The President of India, acting through the Ministry of Ports, Shipping and Waterways, sold 1,20,49,170 equity shares of Cochin Shipyard , aggregating to ₹1,713.28 crore, via an Offer for Sale (OFS) on July 7 and July 8, 2026. The transaction, executed on the BSE and NSE, reduced the promoter's holding from 67.91% to 63.33% of the total paid-up equity share capital. The sale was conducted under the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Sale Details
The OFS comprised a base offer size of 66,29,636 equity shares (2.52%) and an oversubscription option for an equivalent number of shares. The promoter fully exercised the oversubscription option, offering an additional 66,29,636 shares. Additionally, 26,308 equity shares were offered to eligible employees. In total, 1,19,33,344 shares were sold to non-retail investors on July 7, 2026, and 1,15,826 shares were sold to non-retail investors, employees, and retail investors on July 8, 2026.
Shareholding Post-Transaction
Following the disposal, the promoter's holding stands at 16,66,22,069 equity shares, amounting to 63.33% of the company's total voting capital. The total equity share capital of Cochin Shipyard Limited remains 26,30,80,780 shares with a face value of ₹5 per share.
| Parameter | Details |
|---|---|
| Seller | The President of India (Promoter) |
| Total Shares Sold | 1,20,49,170 equity shares |
| Percentage Sold | 4.58% of total paid-up equity capital |
| Sale Value | ₹1,713.28 crore |
| Pre-sale Holding | 67.91% (17,86,71,239 shares) |
| Post-sale Holding | 63.33% (16,66,22,069 shares) |
| Dates of Sale | July 7, 2026 (Non-Retail) and July 8, 2026 (Retail) |
| Employee Reservation | 26,308 shares offered |
Historical Stock Returns for Cochin Shipyard
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.52% | -0.12% | -1.68% | -13.51% | -19.95% | +658.78% |
How will the reduction in promoter holding impact Cochin Shipyard's corporate governance and strategic decision-making?
What are the government's plans for utilizing the ₹1,713.28 crore raised from this divestment?
Will this OFS trigger further stake sales by the government in other public sector undertakings?
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