Chowgule Steamships to Buy 100% stake in Lavgan Dockyard Pvt Ltd

Chowgule Steamships Ltd has announced that the Board of Directors of the Company at its meeting held on October 16, 2006, has decided to buy out the entire share capital of Lavgan Dockyard Pvt Ltd (LDPL), an existing Company and thereby making it a 100% subsidiary of the Company.

It is proposed to capitalise the Company by way of further investments towards equity capital for the implementation of the Port Project.

Source : Equity Bulls

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