In an interview to CNBC-TV18 Sharan Bansal, Director, Skipper limited said the buyers were L&T Mutual Fund and the deal was sealed after being in discussions for a long time. He added that the promoters were aiming at bringing value investor onboard and that they are not looking to divest any more.
The company has expanded its international business in Congo, Kenya, Ghana and Malaysia, aid Sharan Bansal, Director at Skipper.
This is the companies third plant after Kolkata and Ahmedabad and has a production capacity of 29000 metric tonne.
Speaking to CNBC-TV18, Sharan Bansal, Director, Skipper Ltd, said that the company has placed bids worth Rs 2000 crore on domestic tenders and he is confident of seeing a significant portion getting converted into orders.
Skipper has reported a standalone total income from operations of Rs 499.94 crore and a net profit of Rs 30.26 crore for the quarter ended Mar '15. Sharan Bansal, Director, Skipper Ltd, discusses company's fourth quarter performance and future outlook.