Indian government to sell up to 5% stake in Cochin Shipyard

The sale of Cochin Shipyard's stake will open on Oct. 16 for non-retail investors and on Oct. 17 for retail investors. The Indian government held 72.86% stake in Cochin Shipyard as of June 30, according to exchange data. Cochin Shipyard makes ships including bulk carriers, passenger vessels and aircraft carriers, according to its website.