Pipavav could be game changer with Mahindras coming in: Vinay Khattar, Edelweiss Financial

In a chat with ET Now, Vinay Khattar, Edelweiss Financial, HoR - Individual Clients, shares his views on markets. Excerpts:

ET Now: There is news of M&M eyeing a majority stake in Pipavav, does that pocket interest you?

Vinay Khattar: Pipavav has a great asset in terms of the shipyard which it has on the western coastline. It is one of the largest dry docks in India and it is very suitably positioned in terms of basic infrastructure to build warships. The problem is that warship building does not require basic dockyard infrastructure.

It also requires lot of technology tie ups, management capability, management bandwidth and in some of those spears, Pipavav was clearly lacking in addition to being able to put in large amount of capital. Now with Mahindra coming in, could this be a game changer for Pipavav? The possibility is there. I would give it a fair chance with the kind of things the capability both in terms of equity capital, risk capital technology and management quality that Mahindra can bring in. Pipavav could be a game changer with Mahindras coming in.