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ABG, Bharti Shipyard up on stake sale

April 27, 2010

Shares of ABG Shipyard and Bharti Shipyard gained on Tuesday after a news channel reported yesterday that ABG would sell its 3 percent stake in Great Offshore.

The report said ABG was close to selling a 3 per cent stake in Great Offshore to Bharati in a price range of Rs 440-450 per share, which would fetch ABG Rs 45-50 crore.

Shares in ABG Shipyard and Bharati Shipyard ended 4.3 and 4.1 percent higher, while Great Offshore ended 1 percent higher at 459 rupees.

Do you think ABG and Bharati will rise further?

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