INDIAN ARMED FORCES CHIEFS ON OUR RELENTLESS AND FOCUSED PUBLISHING EFFORTS
The insightful articles, inspiring narrations and analytical perspectives presented by the Editorial Team, establish an alluring connect with the reader. My compliments and best wishes to SP Guide Publications.
"Over the past 60 years, the growth of SP Guide Publications has mirrored the rising stature of Indian Navy. Its well-researched and informative magazines on Defence and Aerospace sector have served to shape an educated opinion of our military personnel, policy makers and the public alike. I wish SP's Publication team continued success, fair winds and following seas in all future endeavour!"
Since, its inception in 1964, SP Guide Publications has consistently demonstrated commitment to high-quality journalism in the aerospace and defence sectors, earning a well-deserved reputation as Asia's largest media house in this domain. I wish SP Guide Publications continued success in its pursuit of excellence.
- Indian Air Force Aims for Full Indigenous Inventory by 2047 — Air Chief Marshal A.P. Singh
- General Upendra Dwivedi takes over as the Chief of the Army Staff
- Rajnath Singh assumes charge as Defence Minister for the second consecutive term
- Admiral Dinesh K. Tripathi assumes Command of the Indian Navy as 26th Chief of the Naval Staff
- Prime Minister witnesses 'Bharat Shakti' – a Tri-Services Firing and Manoeuvre Exercise in Pokhran, Rajasthan
CORPORATE
IL&FS Group exits equity in Pipavav
IL&FS Group has exited its investments made in Pipavav Shipyard. The group through multiple investment arms including an entity that acts as a trustee of SCB Asian Infrastructure Fund together sold around 7.6 per cent stake in Pipavav Shipyard for about Rs. 412 crore ($91 million).
IL&FS Group had invested around Rs. 109 crore starting with 2005-06 to buy the shares of the company that went public in 2009. Bulk of this was through sale by promoters of Pipavav including the SKIL Group at Rs. 10 per share with the rest coming through a fresh issue at a price of Rs. 45 per share in November 2007.
Last October, London-listed private equity firm Trinity Capital had also completed its exit from Pipavav Shipyard making 3.6 times on its 46-month-old investment.
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