Adani Enterprises Limited (BSE:512599) and Mahindra & Mahindra Limited (NSEI:M&M) may be interested in bidding for the bankrupt shipyard at Pipavav in Gujarat operated by Reliance Naval and Engineering Limited (BSE:533107) (RNaval) after the Government of India imposed import ban on 101 weapons and military platforms by 2024 to encourage domestic defence production. RNaval is sold under the Insolvency and Bankruptcy Code (IBC) to recover unpaid dues of INR 435.87 billion. The Resolution Professional of RNaval has extended the deadline for filing expressions of interest to August 21, 2020 and for qualified bidders to submit their resolution plans to September 30, 2020.
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Other stock markets
|
5-day change | 1st Jan Change | ||
2,515 INR | +6.02% | +13.65% | +45.40% |
10:09am | Mahindra & Mahindra Clocks Gains in Fiscal Q4 Consolidated Net Profit | MT |
09:20am | Jefferies Upgrades Mahindra & Mahindra to Buy From Hold, Adjusts Price Target to INR2,910 From INR1,615 | MT |
Stocks mentioned in the article
Price
|
Change
|
5d. change
|
Capi.
| ||
---|---|---|---|---|---|
3,060 INR | +0.64% | +10.61% | 41.52B | ||
2.27 INR | -99.65% | -99.64% | 394M | ||
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
+45.40% | 31.64B | |
+32.64% | 291B | |
+8.81% | 75.8B | |
+7.69% | 71.75B | |
-4.72% | 66.03B | |
+27.69% | 52.31B | |
+0.74% | 49.43B | |
+21.13% | 41.1B | |
+19.90% | 39.91B | |
+47.34% | 27.9B |
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- Adani and Mahindra May Bid for Shipyard Operated by Reliance Naval