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October 6, 2009
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ABG Shipyard To Compete Bharati For Great Offshore - Ship building firm ABG Shipyard is getting ready to counter the offer price of rival Bharati Shipyard to acquire offshore drilling company Great Offshore. ABG is expecting Sebi approval soon in favour of its open offer. Last month, Bharati Shipyard acquired 3.01% stake in Great Offshore from the open market through its arm Dhanshree Properties. With the latest acquisition, Bharati Shipyard along with its group firm now holds 22.48% stake in Great Offshore. Meanwhile, ABG Shipyard holds 8.28% stake in Great Offshore. (BS)

L&T To Raise Rs 2,400 Cr Via Securities - Engineering major Larsen & Toubro (L&T) has got ...

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