Pipavav Defence is targeting to list its stock on London Stock Exchange by October, 2013.
Pipavav Defence and Offshore Engineering Company Ltd on Wednesday announced that that the company plans to raise US$150mn through listing it London Stock Exchange. It has received provisional approval from FIPB to raise $200mn. The company has shortlisted Investment Bankers for listing it on London Stock Exchange.
The investment will be used in subsidiaries to build wide spectrum defence manufacturing facilities and infrastructure for the global demand.
The company is currently working with nearly 12 countries to build warships and offshore assets and it expects to become a global defense and offshore company over the next 4 to 5 years.
It is looking forward to joint marketing initiatives to tap growing global demands of warships and submarines through its prestigious Joint Venture with Mazagon Dock Ltd. It has submitted the bids worth $2bn in various countries with respective local partners.
The investment will reduce overall debt equity and strengthen the balance sheet significantly. Pipavav Defence is targeting to list its stock on London Stock Exchange by October, 2013.
Pipavav Defence and Offshore Engineering Company Ltd on Wednesday announced that that the company plans to raise US$150mn through listing it London Stock Exchange. It has received provisional approval from FIPB to raise $200mn. The company has shortlisted Investment Bankers for listing it on London Stock Exchange.
The investment will be used in subsidiaries to build wide spectrum defence manufacturing facilities and infrastructure for the global demand.
The company is currently working with nearly 12 countries to build warships and offshore assets and it expects to become a global defense and offshore company over the next 4 to 5 years.
It is looking forward to joint marketing initiatives to tap growing global demands of warships and submarines through its prestigious Joint Venture with Mazagon Dock Ltd. It has submitted the bids worth $2bn in various countries with respective local partners.
The investment will reduce overall debt equity and strengthen the balance sheet significantly. Pipavav Defence is targeting to list its stock on London Stock Exchange by October, 2013.
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