Bharati Shipyard drops 5 pc after revised open offer
Shipbuilder Bharati Shipyard dropped by a little over 5 per cent on the Bombay Stock Exchange, a day after the company hiked its open offer price for acquiring 20 per cent stake in Great Offshore.
By PTI |
MUMBAI: Shipbuilder Bharati Shipyard on Wednesday dropped by a little over 5 per cent on the Bombay Stock Exchange, a day after the company hiked its open offer price for acquiring 20 per cent stake in Great Offshore.
Shares of Bharati Shipyard closed at Rs 148.85, down by 5.10 per cent from its previous close. The scrip had touched its intra-day low of Rs 148, down 5.64 per cent.
A similar trend was seen on the National Stock Exchange, where the stock settled the day at Rs 149.05, down 4.88 per cent from its last close.
Bharati Shipyard yesterday revised its open offer price to Rs 405 a piece from earlier Rs 344 per share, for acquiring a stake in Great Offshore Ltd. The revised offer size now stands at Rs 316.98 crore.
Great Offshore also saw a fall of nearly 2 per cent on BSE to end the day at Rs 425.55. Over 7 lakh shares of Great Offshore changed hands on the bourses.
Shares of Bharati Shipyard closed at Rs 148.85, down by 5.10 per cent from its previous close. The scrip had touched its intra-day low of Rs 148, down 5.64 per cent.
A similar trend was seen on the National Stock Exchange, where the stock settled the day at Rs 149.05, down 4.88 per cent from its last close.
Bharati Shipyard yesterday revised its open offer price to Rs 405 a piece from earlier Rs 344 per share, for acquiring a stake in Great Offshore Ltd. The revised offer size now stands at Rs 316.98 crore.
Great Offshore also saw a fall of nearly 2 per cent on BSE to end the day at Rs 425.55. Over 7 lakh shares of Great Offshore changed hands on the bourses.
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