The Union Government of India has initiated a plan to offload up to 5.04% of its equity shareholding in Cochin Shipyard Limited (CSL) through an Offer for Sale (OFS).
The transaction is structured with a base offer of 2.52% of the PSU's paid-up equity, with an additional green-shoe option to sell another 2.52% in case of oversubscription.
This divestment is a strategic move aligned with the government's disinvestment targets and is expected to raise significant capital while expanding public shareholding in the shipbuilder.
For financial exams, understanding the mechanics of Offer for Sale (OFS) and green-shoe options is crucial, as public sector disinvestment represents significant structural market actions.
Key Facts / Static GK
Cochin Shipyard Limited (CSL) Headquarters: Kochi, Kerala
CSL established in: 1972
Under Ministry: Ministry of Ports, Shipping and Waterways
Practice Quiz — 7 July 2026
Q1. Who has taken charge as the new Chairman and Managing Director (CMD) of Hindustan Shipyard Limited (HSL) in July 2026?
Answer: (B) Rear Admiral C. Raghuram — Rear Admiral (Retd.) C. Raghuram has assumed charge as the new CMD of HSL, succeeding Captain Ganti Venkateswarlu who held the additional charge since January 2026.
Q2. The famous 'Jalbhara Sweet', which recently received the Geographical Indication (GI) tag, is traditionally associated with which state?
Answer: (C) West Bengal — The Jalbhara Sweet, also known as Jalbhora Sandesh, originates from Chandannagar in the Hooghly district of West Bengal and has been awarded the prestigious GI tag.
Q3. What is the main objective of the newly proposed Rs 190 crore 'SAMARTH' hub to be established at IIT Gandhinagar?
Answer: (C) To train over 10,000 personnel in semiconductor manufacturing and research — The SAMARTH hub at IIT Gandhinagar aims to build a semiconductor research and training infrastructure to upskill and train more than 10,000 people, including students, professionals, and faculty.
Q4. Which of the following statements is/are correct regarding the merchandise export data for FY 2025-26?
I. Tamil Nadu emerged as India's fastest-growing merchandise exporting state.
II. Jamnagar in Gujarat remained the largest exporting district in India.
III. Kanchipuram district in Tamil Nadu emerged as the third-largest merchandise exporting district.
Answer: (B) Only I and II — Statements I and II are correct. Tamil Nadu is the fastest-growing exporter with US$59.3 billion, and Jamnagar remains the largest exporting district. However, Kanchipuram emerged as the second-largest (not third-largest) exporting district in the country.
Q5. According to the MoSPI report 'Labour Market Dynamics in Million-plus Cities' (Jan-Dec 2025), which two cities recorded the highest unemployment rates exceeding 20%?
Answer: (B) Prayagraj and Patna — Prayagraj and Patna recorded the highest unemployment rates in the country among million-plus cities, both exceeding 20%, according to the MoSPI report.
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