Citadel latest to exit stake in Pipava Shipyard
Global hedge fund Citadel is the latest Pipavav Shipyard investor to exit a stake in the company, selling a 2.06% stake in the Indian shipbuilder for INR103.8 crore ($23.5 million) in the public market.
Pipavav Shipyard made a successful listing on India's Bombay Stock Exchange last year, and, following the expiry of a lock-up period on September 30, backers began preparing their exits. Most recently,...
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