ABG International has bought additional 2.45 per cent stake in the country’s largest private shipbuilder ABG Shipyard for Rs 50 crore. ABG International has bought 12.50 lakh shares in the company on an average price of Rs 397.74 apiece through open market transaction.
As of December quarter, ABG International held 3.12 crore shares or 61.29 per cent stake in ABG Shipyard.
Meanwhile, Mentor Capital, which held 10.45 lakh shares or 2.05 per cent stake in ABG Shipyard, offloaded 12.48 lakh shares of the company for Rs 49.66 crore.
