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Q.

Future prospects of the companies

About: Pipavav Shipyard Ltd.

Tags: money, future prospects, careers
Asked by Amitha Shetty, 11 Jun '10 12:21 pm
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Answers (2)

1.

Shipbuilding companies, including ABG Shipyard, Pipavav Shipyard, Bharti Shipyard and Larsen & Toubro, are likely to claim subsidy of over Rs 4,000 crore in the next four years from the government.
According to industry sources, firms like ABG Shipyard, Pipavav Shipyards, Bharti Shipyards and Larsen & Toubro are gearing up to claim subsidy, given by the government to encourage private sector participation in shipbuilding in the country.
Pipavav Shipyard, in which Punj Lloyd holds 22.34%, is likely to file a red herring prospectus for its initial public offer (IPO) within a week and is looking to raise nearly Rs 600-650 crore, reports CNBC-TV18 quoting sources.

The company is likely to dilute 12.5% stake and is valued at around Rs 5,000 crore. JM Financial, Citi and Enam are the lead managers to the issue.
Answered by Pardeep kapoor, 11 Jun '10 12:27 pm

 
  
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2.

No idea
Answered by manish ghatge, 11 Jun '10 12:25 pm

 
  
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