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Capital Market | 14 December 2012

Valiant Partners Cuts Stake In Pipavav Defence

by Paritosh Gajjar
Valiant Partners Cuts Stake In Pipavav Defence
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Valiant Mauritius Partners FDI Limited sold part stake in Pipavav Defence and Offshore Engineering by offloading 90 lakh shares or around 1.28% stake.

The Mauritius based PE firm which held 2.54 Cr shares or 3.62% stake as on September 2012 sold the shares for R95.68 per share raising over R86.11 Cr.

The shares were bought by multiple FIs which included Keynote Capitals, Abhishek Finance & Investment, Mudra Securities and Aashka Holdings.

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