President of India Sells Equity Shares of Cochin Shipyard Ltd in Offer for Sale
Cochin Shipyard Limited reported that The President of India, acting through the Ministry of Ports, Shipping and Waterways, Government of India (the Promoter), sold equity shares via an offer for sale through the stock exchange mechanism.The transaction involved the sale of 1,20,49,170 equity shares of Cochin Shipyard Limited over two days, specifically on July 07 and July 08, 2026. The total value aggregated from this sale amounted to Rs. 1.133.28 Crores.
The stock exchange mechanism executed the sales through both BSE Limited and National Stock Exchange of India Ltd (NSE).
The transaction details provided show a notable shift in the Promoter's holdings following the offer for sale. The Promoter initially held 17,86,71,239 Equity Shares, representing 67.93% of the company at that time. After the completion of this offer for sale, the Promoter holds 16,66,22,059 Equity Shares, which represents a holding of 63.33%.
The following table details the transaction and the resulting shareholding change:
| Detail | Before Sale | Transaction Details | Post Sale Holding |
|---|---|---|---|
| Shares Held | 17,86,71,239 (67.93%) | 1,20,49,170 shares sold via Offer for Sale | 16,66,22,059 (63.33%) |
| Value | N/A | Rs. 1.133.28 Crores | N/A |
The sale was executed on the market and recorded across both BSE Limited and NSE.
COCHINSHIP Stock Price Movement
As of 2:23 PM, shares of Cochin Shipyard Limited are edging higher in live trading, gaining 0.86% to reach ₹1418.8. The stock sees robust market activity, with nearly a million shares having been traded during the session so far.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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