Lot of ink and footage has been used by the print & electronic media on the expected part stake sale by the promoters of Pipavav Defence. Shares of Pipavav Defence continue to rule higher by 2.4%, currently trading at 79.65 on NSE, having cooled down from day’s high of 85, touched during opening trade.

It is learnt that two serious, resourceful and capable bidders are shortlisted, names of which may be announced this week-end. Pipavav Defence is the second largest Dry Dock facility in the world with size of 695 mt. X 65 mt., as also, second dry dock is also coming up adjacent to the existing one. Industry experts are saying that similar infrastructure creation is unlikely to happen in the next 5-6 years, hence seen as pricey asset and infrastructure.

Hence, this kind of facilities will envy other domestic defence players, once it is acquired by one of the two shortlisted bidders.

So who will it be – Munjals or Mahindras?