March 29, 2017 2:20 PM ET

Machinery

Company Overview of ABG Shipyard Limited

Company Overview

ABG Shipyard Limited builds ships and floating structures in India and internationally. The company’s products include side loader/newsprint/container ships, diesel electric propulsion diving support vessels, high speed aluminum interceptor vessel, bollard pull MPVs, dynamic positioning diving support vessels, well test/dynamic positioning supply vessels, well test/supply vessels, azimuthing stern drive bollard pull tugs, anchor handling tugs/supply vessels, multi-utility vessels, mini bulk carriers, and self loading/unloading bulk cement carriers. It also provides repair services, such as jumboising, ship conversion, refurbishment, modernization, upgradation, retrofitting, and rebuilding se...

Bhupati Chambers

2nd Floor

13, Mathew Road

Mumbai,  400004

India

Founded in 1985

Phone:

91 22 6656 3000

Fax:

91 22 6622 3050

Key Executives for ABG Shipyard Limited

Chief Financial Officer
Total Annual Compensation: 7.5M
Executive Director
Age: 60
Total Annual Compensation: 5.7M
Compensation as of Fiscal Year 2016.

ABG Shipyard Limited Key Developments

Reliance Defence and Engineering And Liberty House Group Interested In Acquiring Stake In ABG Shipyard Assets

Reliance Defence and Engineering Limited (BSE:533107) and Liberty House Limited are interested in acquiring assets of ABG Shipyard Limited (BSE:532682). Lenders to ABG Shipyard have shortlisted prospective bidders for the company after invoking their rights to change ownership, said ABG Shipyard. The consortium of lenders has mandated SBI Caps for finding a buyer for their 51% stake in the company, which they got after conversion of debt into equity under the Strategic Debt Restructuring scheme.

ABG Lenders Hunt For Buyers

The lenders of ABG Shipyard Limited (BSE:532682) led by ICICI Bank Limited (NSEI:ICICIBANK) decided to find a buyer themselves and sell ABG Shipyard to recover loans. IDBI Bank Limited (BSE:500116), Oriental Bank of Commerce (BSE:500315) and Punjab National Bank (BSE:532461) own 7% each and Dena Bank (BSE:532121) owns 5.7%. ICICI Bank has the highest stake at 11%.

Reliance Defence Shown Interest In Assets Of ABG

Reliance Defence and Engineering Limited (BSE:533107) has reportedly agreed to buy the assets of ABG Shipyard Limited (BSE:532682). The exchange has sought clarification from ABG in this regard.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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