ABG Shipyard Limited (BSE:532682) has decided to divest its subsidiary Western India Shipyard Limited (BSE:531217) and will invite bids from prospective investors. The decision was taken in the meeting of the board of directors of the company held today. Board of Directors of the company, in their meeting held today, i.e. October 6, 2016 have decided and approved, inter alia, divestment of its subsidiary Western India Shipyard Ltd and authorized Executive Director and other company officials, jointly to invite suitable bid from the prospective investors and negotiate the deal including the best price, terms and conditions with them," it said in a regulatory filing.