Cochin Shipyard Limited announces that the Promoter, the President of India acting through the Ministry of Ports, Shipping and Waterways, has sold 1,20,49,170 equity shares. The transaction, valued at ₹1,713.28 Crores, occurred on July 07 and 08, 2026 via an offer for sale through the stock exchange mechanism. This disclosure is made in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015.
Promoter Equity Share Sale Announced
Cochin Shipyard Limited (CSL) has formally disclosed a significant transaction involving its promoter. The President of India, represented by the Ministry of Ports, Shipping and Waterways, has divested 1,20,49,170 equity shares of the company. This sale was executed through an offer for sale on the stock exchange mechanism on July 07 and 08, 2026.
Transaction Value and Compliance
The total value of the equity shares sold amounts to a substantial ₹1,713.28 Crores. This disclosure is made in strict compliance with Regulation 7(2)(a) of the Securities and Exchange Board of India (SEBI) (Prohibition of Insider Trading) Regulations, 2015. The company has received the requisite disclosure from the Ministry and is hereby informing the stock exchanges.
Details of the Sale
The detailed disclosure, submitted in Form B, confirms that the President of India, acting as the Promoter, disposed of these equity shares. The transaction occurred on the market, specifically through an offer for sale on the stock exchange mechanism. The shares were sold on July 07, 2026, with the intimation to the company on July 08 and 09, 2026. The sale was executed on the BSE Limited and National Stock Exchange of India Limited (NSE).
Source: BSE
