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Jul 16, 2010, 04.01 PM IST
CNBC-TV18 learns that Nikhil Gandhi, promoter of Pipavav Shipyard, is likely to pick up stake in Everonn Education via an open offer. Promoters of Everonn hold 26% stake in the company.
CNBC-TV18 learns that Nikhil Gandhi, the promoter of Pipavav Shipyard , is making a foray into the education space, reports CNBC-TV18's Gautam Broker.
The company may pick up stake in Everonn Education . But this stake buy, sources say would not be thorough the listed entity Pipavav Shipyard. Also, it is being learnt that the investment is likely to trigger an open offer.
Promoters of Everonn hold 26% stake in the company.
Everonn board is scheduled to meet on July 19 to approve issuance of convertible debentures to non-promoters.
The two parties however remained unreachable for comments.
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