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ABG Shipyard and Bharati Shipyard, which are battling to gain control of oil drilling company Great Offshore, have opened another front in Chennai to buy a controlling stake in Tebma Shipyards that could boost their ability to build ships for navy, two...
Tags: Great Offshore, Bharati Shipyard
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...
Tags: Bharati Shipyard Managing Director, ABG Shipyard, great offshore, open offer, borrowing limit, Sebi
Bharti Shipyard raised its stake in Great Offshore to 22.5% by picking up 3% shares from the market, inching closer to the crucial 26% figure that will give the company a clear edge over rival ABG Shipyard ahead of their competing open offers, which are...
Tags: Bharati Shipyard, Pipavav Shipyard Ltd, book value, Bharti Airtel, grey market, MTN, Great Offshore, Pipavav IPO, India, Mumbai
India Infoline has advised traders to sell Great Offshore for a short-term period of 1-3 days. The brokerage expects the stock to hit a target of Rs 250 and has recommended keeping stoploss of Rs 288. “The daily chart suggests that Great Offshore has...
Tags: Great Offshore
To be built at a cost of $168 million, the jack-up rig was to be deployed with state-owned Oil and Natural Gas Corp Ltd at a day rate (rental) of $146,000 on a five-year contract. It was to start operations from May 14. "There were various reasons for...