India: Religare Finvest acquires 24.49% stake in debt-laden ABG Shipyard

India: Religare Finvest acquires 24.49% stake in debt-laden ABG Shipyard

Photo: Bloomberg

Religare Finvest Ltd, a subsidiary of Religare Enterprises Ltd, has acquired 1.32 million pledged shares of India’s largest private shipbuilder ABG Shipyard Ltd to take a 24.49% stake in the debt-laden company.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter