Strict Standards: Non-static method mosCache::getCache() should not be called statically in /home/wwwmach/public_html/includes/frontend.php on line 200
MACHINIST - Pipavav Defence to sell 10% stake to International Strategic Investor

Strict Standards: Non-static method mosCache::getCache() should not be called statically in /home/wwwmach/public_html/includes/frontend.php on line 133

Strict Standards: Non-static method modules_html::module2() should not be called statically in /home/wwwmach/public_html/includes/frontend.php on line 166

Strict Standards: Non-static method modules_html::modoutput_xhtml() should not be called statically in /home/wwwmach/public_html/includes/frontend.html.php on line 112
Register to Subscribe

Strict Standards: Non-static method modules_html::module2() should not be called statically in /home/wwwmach/public_html/includes/frontend.php on line 166

Strict Standards: Non-static method modules_html::modoutput_xhtml() should not be called statically in /home/wwwmach/public_html/includes/frontend.html.php on line 112

Strict Standards: Non-static method modules_html::module() should not be called statically in /home/wwwmach/public_html/includes/frontend.php on line 174

Strict Standards: Non-static method modules_html::modoutput_xhtml() should not be called statically in /home/wwwmach/public_html/includes/frontend.html.php on line 59

Strict Standards: Non-static method modules_html::CustomContent() should not be called statically in /home/wwwmach/public_html/includes/frontend.html.php on line 360



Strict Standards: Non-static method mosCache::getCache() should not be called statically in /home/wwwmach/public_html/includes/frontend.php on line 133

Strict Standards: Non-static method modules_html::module2() should not be called statically in /home/wwwmach/public_html/includes/frontend.php on line 166

Strict Standards: Non-static method modules_html::modoutput_xhtml() should not be called statically in /home/wwwmach/public_html/includes/frontend.html.php on line 112

Strict Standards: Non-static method modules_html::module2() should not be called statically in /home/wwwmach/public_html/includes/frontend.php on line 166

Strict Standards: Non-static method modules_html::modoutput_xhtml() should not be called statically in /home/wwwmach/public_html/includes/frontend.html.php on line 112
Advertisement

Strict Standards: Non-static method modules_html::module2() should not be called statically in /home/wwwmach/public_html/includes/frontend.php on line 166

Strict Standards: Non-static method modules_html::modoutput_xhtml() should not be called statically in /home/wwwmach/public_html/includes/frontend.html.php on line 112
DMG - The leading manufacturer worldwide of cutting machine tools

Strict Standards: Non-static method modules_html::module2() should not be called statically in /home/wwwmach/public_html/includes/frontend.php on line 166

Strict Standards: Non-static method modules_html::modoutput_xhtml() should not be called statically in /home/wwwmach/public_html/includes/frontend.html.php on line 112
Advertisement

Strict Standards: Non-static method modules_html::module2() should not be called statically in /home/wwwmach/public_html/includes/frontend.php on line 166

Strict Standards: Non-static method modules_html::modoutput_xhtml() should not be called statically in /home/wwwmach/public_html/includes/frontend.html.php on line 112
Advertisement

Strict Standards: Non-static method modules_html::module2() should not be called statically in /home/wwwmach/public_html/includes/frontend.php on line 166

Strict Standards: Non-static method modules_html::modoutput_xhtml() should not be called statically in /home/wwwmach/public_html/includes/frontend.html.php on line 112
Advertisement

Strict Standards: Non-static method modules_html::module2() should not be called statically in /home/wwwmach/public_html/includes/frontend.php on line 166

Strict Standards: Non-static method modules_html::modoutput_xhtml() should not be called statically in /home/wwwmach/public_html/includes/frontend.html.php on line 112

Strict Standards: Non-static method modules_html::module2() should not be called statically in /home/wwwmach/public_html/includes/frontend.php on line 166

Strict Standards: Non-static method modules_html::modoutput_xhtml() should not be called statically in /home/wwwmach/public_html/includes/frontend.html.php on line 112

ADS


Strict Standards: Non-static method mosCache::getCache() should not be called statically in /home/wwwmach/public_html/includes/frontend.php on line 133

Strict Standards: Non-static method modules_html::module2() should not be called statically in /home/wwwmach/public_html/includes/frontend.php on line 166

Strict Standards: Non-static method modules_html::modoutput_xhtml() should not be called statically in /home/wwwmach/public_html/includes/frontend.html.php on line 112

Home arrow News arrow Business News arrow Pipavav Defence to sell 10% stake to International Strategic Investor

Strict Standards: Non-static method mosMainFrame::sessionCookieName() should not be called statically in /home/wwwmach/public_html/includes/frontend.php on line 34

Strict Standards: Non-static method mosCache::getCache() should not be called statically in /home/wwwmach/public_html/components/com_content/content.php on line 36

Strict Standards: call_user_func_array() expects parameter 1 to be a valid callback, non-static method HTML_content::show() should not be called statically in /home/wwwmach/public_html/includes/Cache/Lite/Function.php on line 114

Strict Standards: Non-static method HTML_content::_Itemid() should not be called statically in /home/wwwmach/public_html/components/com_content/content.html.php on line 444

Strict Standards: Non-static method HTML_content::_linkInfo() should not be called statically in /home/wwwmach/public_html/components/com_content/content.html.php on line 447

Strict Standards: Non-static method HTML_content::Title() should not be called statically in /home/wwwmach/public_html/components/com_content/content.html.php on line 462

Strict Standards: Non-static method HTML_content::PdfIcon() should not be called statically in /home/wwwmach/public_html/components/com_content/content.html.php on line 465

Strict Standards: Non-static method mosHTML::PrintIcon() should not be called statically in /home/wwwmach/public_html/components/com_content/content.html.php on line 468

Strict Standards: Non-static method mosAdminMenus::ImageCheck() should not be called statically in /home/wwwmach/public_html/includes/joomla.php on line 2245

Strict Standards: Non-static method HTML_content::EmailIcon() should not be called statically in /home/wwwmach/public_html/components/com_content/content.html.php on line 471

Strict Standards: Non-static method mosAdminMenus::ImageCheck() should not be called statically in /home/wwwmach/public_html/components/com_content/content.html.php on line 713
Pipavav Defence to sell 10% stake to International Strategic Investor
Strict Standards: Non-static method HTML_content::EditIcon() should not be called statically in /home/wwwmach/public_html/components/com_content/content.html.php on line 615
Print E-mail

Strict Standards: Non-static method HTML_content::Section_Category() should not be called statically in /home/wwwmach/public_html/components/com_content/content.html.php on line 503

Strict Standards: Non-static method HTML_content::Section() should not be called statically in /home/wwwmach/public_html/components/com_content/content.html.php on line 738

Strict Standards: Non-static method HTML_content::Category() should not be called statically in /home/wwwmach/public_html/components/com_content/content.html.php on line 741

Strict Standards: Non-static method HTML_content::Author() should not be called statically in /home/wwwmach/public_html/components/com_content/content.html.php on line 506

Strict Standards: Non-static method HTML_content::CreateDate() should not be called statically in /home/wwwmach/public_html/components/com_content/content.html.php on line 509

Strict Standards: Non-static method HTML_content::URL() should not be called statically in /home/wwwmach/public_html/components/com_content/content.html.php on line 512

Strict Standards: Non-static method HTML_content::ModifiedDate() should not be called statically in /home/wwwmach/public_html/components/com_content/content.html.php on line 528

Strict Standards: Non-static method HTML_content::ReadMore() should not be called statically in /home/wwwmach/public_html/components/com_content/content.html.php on line 531
Written by Vijay   
Wednesday, 23 November 2011

Strict Standards: Non-static method HTML_content::TOC() should not be called statically in /home/wwwmach/public_html/components/com_content/content.html.php on line 518
Mumbai: Pipavav Defence & Offshore Engineering Company Ltd has decided to issue 81.88 crore fully paid-up equity shares of face value of Rs. 10 each to an International Strategic Investor. The Investor will initially subscribe to 5% of the paid-up capital of the Company and within specified time will increase its holding in the Company upto 10% of the paid-up capital of the Company.

The undisclosed investor is a leading and extremely reputed global conglomerate with strong interest in defence sector. The Investor will bring in critical technology required for manufacture of complex and critical equipments, systems required by armed forces. The Investor will have a right to nominate one director on the Board of the Company.

The issue will be made in one or more tranches, at a price not less than Rs, 110 per equity share or price to be determined pursuant to formula prescribed in the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 20091 whichever is higher, subject to the approval of Members of the Company and other requisite approvals.

The company's board has also decided to increase the authorised capital by Rs 200 crore to Rs 1,000 crore.

The company successfully delivered "The Golden Suek", a 74,500 DVVT Panamax Bulk Carrier to Golden Sapphire Inc. nominated by Golden Ocean Group Ltd, a company headquartered in Norway. This is the largest dry bulk carrier ever built in India,

The company has reported a net profit of Rs 9.14 crore for the quarter ended September 30, 2011.

The company has raised funds from New York Life Investment Management India Fund, Trinity Capital and $40 million from Valiant. Rakesh Jhunjhunwala became a shareholder in September this year through a warrant issue.

Last Updated ( Wednesday, 23 November 2011 )
 
Related news
More recent
Earlier on

Strict Standards: Non-static method HTML_content::Navigation() should not be called statically in /home/wwwmach/public_html/components/com_content/content.html.php on line 542
< Prev   Next >

Strict Standards: Non-static method mosHTML::CloseButton() should not be called statically in /home/wwwmach/public_html/components/com_content/content.html.php on line 545

Strict Standards: Non-static method mosHTML::BackButton() should not be called statically in /home/wwwmach/public_html/components/com_content/content.html.php on line 548

Strict Standards: Non-static method mosCache::getCache() should not be called statically in /home/wwwmach/public_html/includes/frontend.php on line 133

Strict Standards: Non-static method modules_html::module2() should not be called statically in /home/wwwmach/public_html/includes/frontend.php on line 166

Strict Standards: Non-static method modules_html::modoutput_xhtml() should not be called statically in /home/wwwmach/public_html/includes/frontend.html.php on line 112

Sponsors

Mazak - The world's largest machine tool builder

Strict Standards: Non-static method modules_html::module2() should not be called statically in /home/wwwmach/public_html/includes/frontend.php on line 166

Strict Standards: Non-static method modules_html::modoutput_xhtml() should not be called statically in /home/wwwmach/public_html/includes/frontend.html.php on line 112
JYOTI - India's most dynamic machine builder

Strict Standards: Non-static method modules_html::module2() should not be called statically in /home/wwwmach/public_html/includes/frontend.php on line 166

Strict Standards: Non-static method modules_html::modoutput_xhtml() should not be called statically in /home/wwwmach/public_html/includes/frontend.html.php on line 112
TaeguTec - Cost effective tooling solutions

Strict Standards: Non-static method modules_html::module2() should not be called statically in /home/wwwmach/public_html/includes/frontend.php on line 166

Strict Standards: Non-static method modules_html::modoutput_xhtml() should not be called statically in /home/wwwmach/public_html/includes/frontend.html.php on line 112
Advertisement

Strict Standards: Non-static method modules_html::module2() should not be called statically in /home/wwwmach/public_html/includes/frontend.php on line 166

Strict Standards: Non-static method modules_html::modoutput_xhtml() should not be called statically in /home/wwwmach/public_html/includes/frontend.html.php on line 112

<< SHARE


Strict Standards: Non-static method modules_html::module2() should not be called statically in /home/wwwmach/public_html/includes/frontend.php on line 166

Strict Standards: Non-static method modules_html::modoutput_xhtml() should not be called statically in /home/wwwmach/public_html/includes/frontend.html.php on line 112

Social


Strict Standards: Non-static method modules_html::module2() should not be called statically in /home/wwwmach/public_html/includes/frontend.php on line 166

Strict Standards: Non-static method modules_html::modoutput_xhtml() should not be called statically in /home/wwwmach/public_html/includes/frontend.html.php on line 112

Strict Standards: Non-static method modules_html::module2() should not be called statically in /home/wwwmach/public_html/includes/frontend.php on line 166

Strict Standards: Non-static method modules_html::modoutput_xhtml() should not be called statically in /home/wwwmach/public_html/includes/frontend.html.php on line 112

AD


Strict Standards: Non-static method mosCache::getCache() should not be called statically in /home/wwwmach/public_html/includes/frontend.php on line 133

Strict Standards: Non-static method modules_html::module2() should not be called statically in /home/wwwmach/public_html/includes/frontend.php on line 166

Strict Standards: Non-static method modules_html::modoutput_xhtml() should not be called statically in /home/wwwmach/public_html/includes/frontend.html.php on line 112

Subscribe

Subscribe to MACHINIST by Email


Strict Standards: Non-static method mosCache::getCache() should not be called statically in /home/wwwmach/public_html/includes/frontend.php on line 133

Strict Standards: Non-static method modules_html::module2() should not be called statically in /home/wwwmach/public_html/includes/frontend.php on line 166

Strict Standards: Non-static method modules_html::modoutput_xhtml() should not be called statically in /home/wwwmach/public_html/includes/frontend.html.php on line 112

Search

 

Strict Standards: Non-static method mosCache::getCache() should not be called statically in /home/wwwmach/public_html/includes/frontend.php on line 133

Strict Standards: Non-static method mosCache::getCache() should not be called statically in /home/wwwmach/public_html/includes/frontend.php on line 133

Strict Standards: Non-static method modules_html::module2() should not be called statically in /home/wwwmach/public_html/includes/frontend.php on line 166

Strict Standards: Non-static method modules_html::modoutput_naked() should not be called statically in /home/wwwmach/public_html/includes/frontend.html.php on line 117

Strict Standards: Non-static method mosCache::getCache() should not be called statically in /home/wwwmach/public_html/includes/frontend.php on line 133

Strict Standards: Non-static method modules_html::module2() should not be called statically in /home/wwwmach/public_html/includes/frontend.php on line 166

Strict Standards: Non-static method modules_html::modoutput_naked() should not be called statically in /home/wwwmach/public_html/includes/frontend.html.php on line 117

Strict Standards: Non-static method mosAdminMenus::ImageCheck() should not be called statically in /home/wwwmach/public_html/modules/mod_rssfeed.php on line 22
RSS 1.0
© 2016 MACHINIST
This site is best viewed with Firefox 2.0 or higher at a minimum screen resolution of 1024x768

Strict Standards: Non-static method mosCache::getCache() should not be called statically in /home/wwwmach/public_html/includes/frontend.php on line 133