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

By Pooja Sarkar

  • 19 Jun 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 ......

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