Loss-making ABG Shipyard's deal to sell a majority stake to Abu Dhabi Mar's Privinvest is still on.

The Indian shipbuilder told CNBC-TV18 that the deal is fully intact, despite reports it had failed last year.

The yard will also seek other partners to boost its finances.

CEO Syed Abdi had said last week up to 51% of the company could be sold before the end of March.

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