It is reported that equity shares of Gujarat based Pipavav Shipyard settled at INR 57 a share a discount of 1.72% as against its issue price of INR 58 a share on the National Stock Exchange.
As per report the scrip touched a high of INR 61.10 and a low of INR 53.85 after opening at a premium of 5.34% at INR 61.10. A total of 81.16 million shares changed hands on the NSE.
The company has outlined a CAPEX plan of INR 4,233.05 million. It plans to deploy the issue proceeds for construction of facilities for shipbuilding, ship repair and the offshore business.
www.steelguru.com
Friday, October 9, 2009
Pipavav Shipyard settles at 1.72pct discount on NSE
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