Govt to sell 5% stake in Cochin Shipyard at ₹1,400/share via OFS
The Indian government is selling a 5% stake in Cochin Shipyard Ltd (CSL) through an Offer for Sale (OFS) at a floor price of ₹1,400 per share. This move, managed by the Department of Investment and Public Asset Management (DIPAM), is part of the government's broader disinvestment strategy to achieve its budgeted target of ₹80,000 crore for the current fiscal year.
The Indian government is selling a 5% stake in Cochin Shipyard Ltd (CSL) through an Offer for Sale (OFS) at a floor price of ₹1,400 per share. This move, managed by the Department of Investment and Public Asset Management (DIPAM), is part of the government's broader disinvestment strategy to achieve its budgeted target of ₹80,000 crore for the current fiscal year.
Exam linkage
GS Paper 3: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment. Government Budgeting. Fiscal Policy.
Syllabus mapping
This topic appears in Mains
Questions on Indian Economy come up regularly in GS papers. Practice writing an answer — and see exactly what earns marks.
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