Punj Lloyd shares open up on stake sale

MUMBAI: Shares in Punj Lloyd opened up 2 per cent, but erased gains later, after the company said it was selling its 19.43 per cent stake in Pipavav Shipyard for 6.56 billion rupees. At 0349 GMT, Punj Lloyd's shares were trading down 3.1 per cent at 179.40 rupees, while the main index was up 0.4 per cen