Bharati buys another 3% stake in Great Offshore

Bharati buys another 3% stake in Great Offshore

Bangalore: Bharati Shipyard Ltd has purchased an additional 3% stake in Great Offshore Ltd, taking its holding in the offshore oilfields services firm to 48.89%.

India’s second biggest private shipbuilder paid Rs480 a share to buy the stake in an off-market transaction worth Rs53.76 crore, Bharati Shipyard said in a statement without disclosing the identity of the seller.

A person familiar with the matter said the stake was purchased from ABG Shipyard Ltd.

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