Trinity buys Pipavav stake

Trinity Capital has bought a 10.43% stake in Pipavav Shipyard Ltd, promoted by Nikhil Gandhi-backed Sea King Infrastructure, for $23.5 million. Existing investors in Pipavav Shipyard include financial institutions such as IL&FS and Exim Bank, which have a majority 51% stake in the company. "The acquisition is the second investment ...

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