Russian bidder backs out, Turkey firm keen on buying debt-laden Anil Ambani shipyard

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A consortium of Dubai-based GMS and Besiktas Shipyard of Turkey, and two other companies have submitted their final bids for buying out Anil Ambani Group’s Reliance Naval and Engineering Limited (R-Naval), which owns the Gujarat-based Pipavav Shipyard, ThePrint has learnt. Read more…

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