×
Home Companies Industry Politics Money Opinion LoungeMultimedia Science Education Sports TechnologyConsumerSpecialsMint on Sunday
×

ABG Shipyard buys 15.2% in Great Offshore via open offer

ABG Shipyard buys 15.2% in Great Offshore via open offer
Comment E-mail Print Share
First Published: Wed, Jan 06 2010. 04 03 PM IST
Updated: Wed, Jan 06 2010. 04 03 PM IST
Mumbai: ABG Shipyard Ltd through a unit has acquired 5.7 million shares, or 15.2% of Great Offshore Ltd via an open offer, a filing by the latter showed on Wednesday.
Offshore and oilfield services firm Great Offshore was embroiled in a six-month-long takeover battle with shipbuilders ABG Shipyard and Bharati Shipyard slugging it out to take a majority stake in the former.
ABG exited the race after rival Bharati raised the open offer price to Rs590 a share compared with ABG’s Rs520.
Comment E-mail Print Share
First Published: Wed, Jan 06 2010. 04 03 PM IST