With reference to the news flashed on CNBC TV 18 stating, ‘Promoters may have to give up control post failing to bring in investor. Lenders likely to invite public bids to acquire majority stake in CO. ABG owes Rs 11,000cr to 22 Banks consortium led by ICICI Bank’, ABG Shipyard has submitted a copy of Clarification.
The above information is a part of company’s filings submitted to BSE.