PE firms selling out of Pipavav Shipyard Ltd
Indian shipbuilder Pipavav Shipyard Ltd said today that some of the private equity firms, which combined account for 100 million shares in the company, are selling out after a lock-in period to hold shares ended. New York Life Insurance, Trikona Capital, Indus Capital, Standard Chartered Private Equity and Citadel all hold shares in Pipavav, but Nikhil Gandhi, the chairman of the company, did not know who was selling out. The details are expected to be available on Monday.
1 October 2010•1 min read
