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19:58 GMT+1
August 24, 2007
ABG Shipyard to buy WISL for Rs 200 crore
MUMBAI: ABG Shipyard is all set to take over Western India
Shipyard (WISL) in a Rs 200-crore deal (around $48 million) to be
announced in a few weeks.
ABG will get management control of WISL and the 40% stake held
by financial institutions led by ICICI Bank. Sources said the deal
will not be followed by an open offer as it is a court-initiated
sale. The total debt of WISL has gone up to Rs 280 crore
...... Read more on The Economic Times
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