Saturday, August 1, 2009

ABG Shipyard confirms 8% stake in Great Offshore

Open offer price for Great Offshore may go to Rs 500/sh
ABG Shipyard increased its stake in Great Offshore to 8% and revised open offer price to Rs 450 per share. However Bharati Shipyard had an upper hand, as it held 20% stake in Great Offshore. The price revision could be as high as Rs 500 per share from Bharati Shipyard to counter the current open offer price.

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