NEW DELHI, July 7 (Xinhua) -- The Indian government has initiated a plan to sell up to 5.04 percent stake in Cochin Shipyard Limited, a state-run shipbuilder, via an offer for sale on stock exchanges, officials said Tuesday.
The announcement was made by the secretary of the Department of Investment and Public Asset Management under the Ministry of Finance.
Reports said the move is part of the government's broader asset monetization strategy aimed at unlocking value from public sector enterprises while encouraging wider public participation in equity ownership. ■
