Bharati Shipyard up on stake buy in Great Offshore

Bharati Shipyard up on stake buy in Great Offshore
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First Published: Thu, May 07 2009. 01 15 AM IST
Updated: Fri, May 08 2009. 10 00 AM IST
Mumbai:Shares of Bharati Shipyard Ltd and Great Offshore rose on Friday after Bharati acquired the 14.9% stake of Great Offshore that was pledged with the company.
Shares in Bharati, a maker of offshore vessels and rigs, rose as much as 19%, while shares in offshore and oilfield services provider Great Offshore gained nearly 10%.
At 10:05 am, Bharati was trading 15.3% higher at Rs109.85, while Great Offshore was up 5.3% at Rs311.
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First Published: Thu, May 07 2009. 01 15 AM IST