ABG Shipyard’s banks are considering inviting expressions of interest from buyers willing to take over the struggling Indian shipbuilder.
The Livemint website cited banking sources as saying lenders wanted an open process to get a better sense of the value of the company.
“Initially when we were going through a closed process, we couldn’t find that many buyers. The discussions with the Vietnamese investors is still on, though we are doing this open process to see if any surprises come up,” one said.
Shipyard
