Pipavav denies stake sale to Rel Ind

Pipavav Shipyard is not in talks with Reliance Industries for a stake sale, Nikhil Gandhi, chairman of SKIL Infrastructure, which controls Pipavav told television channel ET Now on Friday.

By Agencies | Jun 18, 2010, 03.39 PM IST

MUMBAI: Pipavav Shipyard is not in talks with Reliance Industries for a stake sale, Nikhil Gandhi, chairman of SKIL Infrastructure, which controls Pipavav told television channel ET Now on Friday.

Earlier this week, media reports had said Reliance could buy a 26 per cent stake in the shipbuilding firm.

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