Pipavav restructuring
Mumbai-based shipbuilder Pipavav Shipyard and Engineering (PSEL) is currently restructuring its capital basis by inviting overseas investors to take a stake in the company. The post-restructuring envisages that four financial investors will hold 40% equity in PSEL. The Nikhil Gandhi-promoted SKIL infrastructure, which floated Pipavav, will hold a 35% stake ...
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