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Bharati Shipyard mulls Rs 200-cr capex

Mumbai : India | 2 months ago  
Views: 6
Great Offshore. "We are looking at a capital expenditure of Rs 200 crore for our expansion plans," Bharati Shipyard Managing Director V Kumar told reporters on the sidelines of its annual general meeting (AGM) here today. "We have received shareholders permission to increase the share capital of...
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News Stories
 
  • News Source: Asian Age | 2 months ago
    On Sep 16, Bharati Shipyard had acquired 3.01 per cent stake in Great Offshore through bulk transactions at the Bombay and the National Stock exchange with the higher share price at Rs 560. As a result, the open offer price was also revised to Rs 560...
  • News Source: Daily News & Analysis | 2 months ago
    So far, Bharati has spent Rs 305 crore to acquire its 22.48% stake. ABG Shipyard has an 8.5% stake in Great Offshore. "This investment is a significant step towards the company's aspirations of having a strong foothold in all spheres of the offshore...
  • News Source: The Economic Times | 2 months ago
    Private shipbuilders Bharati Shipyard and ABG Shipyard expect to receive market regulator Securities and Exchange Board of India’s (Sebi) approval for their open offers for Great Offshore in the next few days. The rival firms are locked in a battle...
  • News Source: The Economic Times | 2 months ago
    Shipbuilding company, ABG Shipyard, has sought its shareholders' permission to raise its borrowing limit to Rs 12,000-crore from the earlier borrowing limit of Rs 7,500-crore. "Taking into consideration the requirements of additional funds to meet...
  • News Source: The Economic Times | 2 months ago
    Great Offshore. "We are looking at a capital expenditure of Rs 200 crore for our expansion plans," Bharati Shipyard Managing Director V Kumar told reporters on the sidelines of its annual general meeting (AGM) here today. "We have received...
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