Nikhil Gandhi, chairman, Pipavav Shipyard told CNBC-TV18 that the promote stake after the deal will come down to 41 percent from 45 percent initially.
Nikhil Gandhi, chairman, Pipavav Defence told CNBC-TV18 that the company‘s order book has now reached to Rs 8,500 crore. Further, it is likely to reach Rs 15,000-17,000 crore in three-six months.
Pipavav Defence and Offshore Engineering expects significant improvement in the order book in two quarters, Chairman Nikhil Gandhi pointed out. Defence orders to drive order inflow in coming quarters, he added.
Shares of Pipavav Defence sank over 3.5% in morning trade on Tuesday, after its joint venture with Mazagon Dockyard was put on hold by the Defence Ministry.
Nikhil Gandhi, group chairman of SKIL Infra, in an interview with CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee, said that the company is planning to raise funds through long-term debt to meet requirements.
Navratna public company, Shipping Corporation of India, is planning to buy stakes in shipyards like Bharti Shipyard and Pipavav Shipyard. In an interview with CNBC-TV18's Gautam Broker and Soniya Shenoy, S Hajra, chairman and managing director of Shipping Corporation of India spoke about the company's stake buying ventures.
Nikhil Gandhi, Chairman, Pipavav Shipyard in an interview with CNBC-TV18, said that the company is committed to repay USD 250 million debt which was secured for the fusion stake of Punj Llyod in Pipavav Shipyard. The company is in the process of raising the money from the open market for the same.
Nikhil Gandhi, chairman, Pipavav Shipyard, talks to CNBC-TV18 about the expected stake sale of the company and highlights the way forward.