|
|
Article: India : Pipavav IPO To Raise Rs 510 Cr, PE Investors Not Selling Though.
- Article from:
- TendersInfo
- Article date:
- September 12, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: shiv03
Pipavav has raised funds from more than a dozen investors including banks, financial institutions and PE funds.
The private equity investors of Pipavav Shipyard are not selling any of their holdings in the forthcoming initial public offering of the company, according to the red herring prospectus. The private ship builder has raised funds from more than a dozen investors including banks, financial institutions and private equity funds.
Pipavav, a firm promoted by Punj Lloyd and SKIL Infrastructure, has set its price band at Rs 55-60 and plans to hit the market between September 16-18. The public offering aims to raise Rs 510 crore ...