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Garden Reach Shipbuilders & Engineers update on proposed OFS by GoI

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Garden Reach Shipbuilders & Engineers announced that the Department of Investment and Public Asset Management (DIPAM), Ministry of Finance, Govt. of India has intimated regarding the appointment of Elara Capital (India) and Yes Securities (India) as Merchant Bankers & Selling Brokers for the disinvestment of 10% paid up equity capital out of Govt. of India shareholding of 74.50% in the Garden Reach Shipbuilders & Engineers through the "Offer for Sale (OFS) by Promoter through the "stock exchange" mechanism.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, September 10 2020. 17:38 IST