Monday, March 29, 2010

Punj Lloyd sells Pipavav stake for Rs 656 crore

Punj Lloyd has exited Pipavav Shipyard by selling its 19.43% stake to co-promoter SKIL Infrastructure for Rs 656 crore. The shares would be sold at Rs 50.75 each, which were bought at Rs 27 each for Rs 350 crore in September 2007.
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