Cochin Shipyard shares fall 4% as OFS worth Rs 1,856 crore opens today at 7% discount

Cochin Shipyard shares dropped as the government plans a significant stake sale. The offer for sale includes a base offer and an oversubscription option. This disinvestment move is part of the government’s FY27 program. The offer opens for non-retail investors today and retail investors tomorrow. The government aims to raise over Rs 1,856 crore from this share sale.

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