The battle for Great Offshore is likely become more intense now as Videocon Chairman Venugopal Dhoot has dropped hints that he could join the race for the integrated oilfield services provider. Videocon would not sell its 3 per cent stake in Great Offshore.
Two days ago Great Offshore found itself in midst of a battle between Bharati Shipyard and ABG Shipyard for acquiring controlling stake in the oilfield services provider. After acquring an additional 5 per cent stake in Great Offshore through open market transactions on Tuesday, Bharati, which had also announced an open offer at Rs 344 a share, had hinted at revising its offer price upwards above Rs 403 a share.
It did so to counter a bid on the same day by ABG Shipyard which announced an offer at Rs 375 a share. Both ABG and Bharti are more than keen on Great Offshore.
crackcrackCompany Name | CMP |
---|---|
Shipping Corpn. | 232.65 |
GE Shipping | 1092.15 |
Dredging Corp | 825.00 |
Shreyas Shipping | 303.05 |
Seamec | 1106.95 |
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