India’s ABG Shipyard is in talks with a Vietnamese company over a potential cash injection.
Sources told CNBC-TV18 that Masan Group could invest INR 6bn ($89.1m) of new equity into the loss-making yard.
The deal could include conversion of some debt into shares, both common and redeemable.
ABG is still hopeful of selling a controlling stake to Abu Dhabi Mar's Privinvest.
CEO Syed Abdi said up to 51% of the company could be offloaded before the end of March.
The
