Strategic stake sale is imminent, is the word coming in from D Datar, ED & CFO, ABG Shipyard. He is looking for strategic investors into the business. He also gives his view on shipyard business in India.
Engineering major Larsen and Toubro's shipyard being set up at Kattupalli near here would become operational by coming January, a top company official said today.
ABG Shipyard is in talks with the Nigerian government and private equity investors to build a shipyard in Nigeria through a joint venture in which the Indian company will hold a 40% stake, a senior official said on Tuesday.