*Punj Lloyd* is looking to induct an equity partner in its engineering arm - *PL Engineering Ltd* by divesting a part of its holding.
Punj Lloyd engineering was set up by Punj Lloyd two years ago to undertake the captive engineering work of the Punj Lloyd. The company has now started taking contracts from other companies as well. 15% of its orders comes from outside Punj Lloyd. Transaction Note Punj Lloyd provides integrated design, engineering procurement construction (EPC) and project management services in the energy and infrastructure. The company has operations in the Middle East, Africa, the Caspian, Asia Pacific and South East Asia. Earlier in March'10, Punj Lloyd entered into a share purchase agreement with SKIL Infrastructure Ltd. to sell its entire shareholding in Pipavav Shipyard Ltd aggregating to 129 Mn shares in two tranches constituting 19.43% of the issued and paid up capital of the company for Rs 656 Cr. -- Regards Hardik Shah -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
