Valiant Mauritius Partners FDI has sold 90 lakh shares of Pipavav Defence and Offshore Engineering in an open market transaction. The shares were sold at an average price of Rs 95.65 a piece valuing the deal for nearly Rs 86 crore. Till the quarter ending September, Valiant Mauritius Partners FDI held 2.54 crore shares representing 3.62% stake in the company.
Valiant Mauritius Partners FDI sold 90 lakh shares to five entities -- Abhishek Finance & Investment, Keynote Capitals, Prasam Trading and Finance, Mudra Securities and Aashka Holdings.
Pipavav Defence and Offshore Engineering Company is engaged in defence, offshore, marine and engineering sectors. The company has two units, one special economic zone (SEZ) unit spread over around 95 hectares of land and another export oriented unit (EOU) spread over around 103.92 hectares of land.
| Company Name | CMP |
|---|---|
| Mazagon Dock Ship | 2640.05 |
| Cochin Shipyard | 1742.10 |
| VMS Industries | 24.80 |
| Knowledge Marine & E | 2019.25 |
| Laxmipati Engineerin | 252.00 |
| View more.. | |
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