Was always a big supporter of Pipavav. It seemed to be a big idea (defence ship etc).
Was hopeful of a strong promoter infusion (L&T,Munjals etc).
Today's news is that Reliance Infra has taken over Pipavav
http://www.moneycontrol.com/news/press-release/rel-infra-acquires-pipavav-defenceoffshore-engineering-co_1320890.html
The stock price has crashed 10% since the open offer is at 63 Rs.
However, would like to see how this pans out.
I still have high hopes on Pipavav since to make something of this scale requires a lot of time and money.
They have done the tough part...lets hope they grow big..
Was hopeful of a strong promoter infusion (L&T,Munjals etc).
Today's news is that Reliance Infra has taken over Pipavav
http://www.moneycontrol.com/news/press-release/rel-infra-acquires-pipavav-defenceoffshore-engineering-co_1320890.html
The stock price has crashed 10% since the open offer is at 63 Rs.
However, would like to see how this pans out.
I still have high hopes on Pipavav since to make something of this scale requires a lot of time and money.
They have done the tough part...lets hope they grow big..
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