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Llyod exits Pipavav for lower than mkt price at Rs 54/share

  • 2:48
  • Published On: March 29, 2010
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Engineering giant Punj Llyod on Monday announced a deal to sell its 19.43 per cent holding in Pipavav Shipyard for Rs 656 crore to co-promoter SKIL Infrastructure at Rs 54 a share, a price significantly lower than about Rs 70 a share prevailing now.

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