INDIAN ARMED FORCES CHIEFS ON
OUR RELENTLESS AND FOCUSED PUBLISHING EFFORTS
SP Guide Publications puts forth a well compiled articulation of issues, pursuits and accomplishments of the Indian Army, over the years
I am confident that SP Guide Publications would continue to inform, inspire and influence.
My compliments to SP Guide Publications for informative and credible reportage on contemporary aerospace issues over the past six decades.
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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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