SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Bharati revises open offer price for Great Offshore

02 Dec 2009 Evaluate

Bharati Shipyard has increased the open offer price for Great Offshore by 5.4 per cent to Rs 590 a share from Rs 560 earlier. The open offer for a 20 per cent stake in the offshore drilling company will remain open from December 3 to December 22. Bharati’s offer is to acquire over 7.8 million shares.

 

Bharati, which holds a 22.48 per cent stake, is locked in a battle with ABG Shipyard to gain control of the country’s largest integrated offshore services player. Last week, ABG came with its open offer for a 32.12 per cent stake at Rs 520 a share which will also begin on December 3.

 

Both ABG and Bharati have received Sebi’s approvals to make an open offer for a stake in Great Offshore. ABG Shipyard received an approval to acquire management control. But Bharati can only increase its stake, not gain control.

crackcrack
Peers

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×