Bharati Shipyard has increased the open offer price on Great Offshore to Rs 405 per share. The revision of open offer price is on expected lines. Bharti Shipyard recently picked up addition of 4.5% stake in Great Offshore at average of Rs 403 per share. The company holds over 19% stake in Great Offshore.
ABG Shipyard is likely to counter Bharti’s open offer price. ABG Shipyard shareholders will meet on July 7 to raise $ 150 million. The company holds 2.02% stake in Great Offshore. ABG Shipyard’s open offer was at Rs 375 per share.
Related posts:
{ 2 comments… read them below or add one }
Can i know the source of the above information?
source
please check the source