The company said it wanted to sell its three anchor-handlers by September toknock up to INR 7.5bn ($124.6m) from its borrowings.
“We have appointed merchant bankers to look at variousoptions. We are certainly looking to exit the offshore segment by September 2014,”chairman and managing director Yudhishthir Khatau told the Business Standard.
The company soldtwo offshore ships in January.
Shore staff will be absorbed into the company, but crewswill be paid up and let go.
The
