SKIL Infra to launch open offer for Pipavav on June

SKIL Infrastructure and SKIL Shipyard Holdings will launch open offer for the shareholders of Pipavav Shipyard from June 7, 2007, sad JM Financial, the manager for the offer. The offer will close on June 26.

SKIL, which had 18.3 per cent in Pipavav, bought 18.3 per cent from Punj Llyod early this year and announced its plans to raise its equity stake in Pipavav beyond 50 per cent.