Pipavav Defence rises as SAAB AB picks 3.5% stake

Swan Defence and Heavy Industries Ltd. | Ship Building | Construction & Infrastructure | BSE: 533107 | NSE: SWANDEF

28 May 2013 Evaluate

Pipavav Defence and Offshore Engineering Company is currently trading at Rs. 70.20, up by 0.30 points or 0.43% from its previous closing of Rs. 69.90 on the BSE.

The scrip opened at Rs. 70.90 and has touched a high and low of Rs. 71.50 and Rs. 69.75 respectively. So far 223682 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 98.35 on 13-Dec-2012 and a 52 week low of Rs. 52.65 on 27-Jul-2012.

Last one week high and low of the scrip stood at Rs. 72.00 and Rs. 69.00 respectively. The current market cap of the company is Rs. 4996.12 crore.

The promoters holding in the company stood at 45.63% while Institutions and Non-Institutions held 19.39% and 34.97% respectively.

Pipavav Defence and Offshore Engineering has allotted over 2.45 crore shares amounting 3.5% stake in the company to Swedish defence major SAAB AB for about Rs 200.96 crore. The company has allotted 2,45,07,881 shares of face value of Rs 10 each to SAAB at a premium of Rs 72 per equity share, aggregating to Rs 200,96,46,242.

SAAB is Sweden-based defence major and has been roped in by Pipavav as a strategic investor. The company last year in November had announced bringing in SAAB as a strategic investor by allotting its 3.5% stake through preferential allotment of shares for about Rs 201 crore.

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.

Swan Defence & Heavy Share Price

1832.70 -21.30 (-1.15%)

30-Apr-2026 16:59 View Price Chart

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