Cochin Shipyard Limited (BSE:540678) won the bid to acquire Tebma Shipyards Limited on December 31, 2019. Cochin Shipyard Limited (BSE:540678) agreed to acquire Tebma Shipyards Limited for INR 6 billion on March 4, 2020. The acquisition is subject to approval by the National Company Law Tribunal. As of March 4, 2020, the National Company Law Tribunal has approved the acquisition. Nikhilesh Panchal, Aashutosh Sampat, Dinesh Agrawal and Anisha Chand of Khaitan & Co. acted as legal adviser for Cochin Shipyard Limited.