Cochin Shipyard set to take over ICICI Venture-backed shipbuilder

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State-run Cochin Shipyard Ltd has emerged as the preferred buyer for a debt-laden shipbuilder that counts ICICI Venture as its private equity investor. The government-owned shipbuilder informed stock exchanges on Tuesday that its takeover bid for Tebma Shipyards Ltd has been approved by the debt-laden company’s creditors. Tebma’s lenders, led by State ......