ABG Shipyard Limited (BSE:532682) recently announced that ICICI Bank acquired 11% stake in the company by converting its debt into equity. The Lenders who have 49% stake in the company are now actively scouting for an investor to sell their stake. These lenders include State Bank of India (NSEISBIN) and Punjab National Bank (BSE:532461) have 7% stake each by converting debt into equity.

Other lenders include Andhra Bank (NSEI:ANDHRABANK), Bank of Baroda (NSEI:BANKBARODA), LIC Housing Finance Ltd. (NSEI:LICHSGFIN) and Syndicate Bank (BSE:532276) with a combine 8% stake in the company as on June 2016.