Pipavav shipyard has everyone knows that SKIL Infrastructure Ltd has planned to buy almost 19.43 percent from Punj Lloyd and the plan is as below.
Pipavav Shipyard Ltd has informed BSE that the Company have been intimated that, SKIL Infrastructure Ltd. (‘SKIL’), SKIL Shipyard Holdings Pvt. Ltd. (‘SKIL Shipyard’) and Punj Lloyd Ltd., have executed a Share Purchase Agreement dated March 27, 2010 pursuant to which Punj Lloyd Ltd. agreed to sell 129,360,538 fully paid up equity shares of Rs. 10/- each of Pipavav Shipyard Ltd. (‘the Company’) representing 19.43% of the paid up share capital of the Company to SKIL and SK1L Shipyard in two tranches, for an aggregate consideration of Rs. 6,564,644,312/-.
And today they have made open offer to public for 61 rs or so which im sure no one will be willing to give atleast now as it has raised by 8.85 percent or so to 69.50 rs and sure tomorrow also its going to raise, i bought 100 of these today after i saw the news at 64 or so .