Pipavav Defence to raise $39M from Singapore’s GIC

21 June, 2012

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. The announcement could come in as early as Thursday, when public listed Pipavav Defence is scheduled to hold an extraordinary general meeting for raising fresh funds.


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Pipavav Defence to raise $39M from Singapore’s GIC

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