19 Jun, 2013
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Tuesday, June 19, 2012 - 18:33 IST
Pipavav Defence to raise $39M from Singapore’s GIC
BY Pooja Sarkar & Sneha Shah
Decision to be taken in EGM on June 21; shares to be issued at a premium to market price.
Nikhil Gandhi promoted Pipavav Defence and Offshore Engineering Ltd is set to raise around Rs 220 crore ($39 million) through a preferential allotment to Singapore’s sovereign fund GIC, at least two persons privy to the development told VCCircle....
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