Pipavav Shipyard to launch IPO

India: Pipavav Shipyard is planning to launch an initial public offering by the end of September but must receive approval from the Securities and Exchange Board of India.

A representative from the shipyard said the company hoped to bring forward the date of the IPO.The shipyard plans to raise some US$104 million through the IPO. The company will use the money to build several VLCCs and LNG tankers. In 2008, Pipavav received approval for the issue and sold over 868 million shares.

Read More


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: