<p> <br />The rival firms, ABG Shipyard and Bharti Shipyard-- are locked in a battle to gain control of the country's largest integrated offshore services player-- Great Offshore. <br /><br />Yesterday, the companies got SEBI approval to go ahead with their open offer for Great Offshore.<br /><br />The last offer price quoted by Bharati was Rs 560 per share, while that by ABG was Rs 540.<br /><br />Shares of ABG Shipyard jumped 5.96 per cent to a high of Rs 213.90 on the BSE and surged to Rs 213.80, rising by 5.47 per cent on the National Stock Exchange.<br /><br />While, shares of Bharati Shipyard climbed to Rs 174, up nearly six per cent on the BSE. On NSE, it jumped 6.02 per cent to a high of Rs 174.20.<br /><br />Bharati has acquired 23.17 per cent stake in Great Offshore and ABG Shipyard currently holds around eight per cent in Great Offshore.<br /><br />Meanwhile, shares of Great Offshore touched a high of Rs 548.70, up 5.68 per cent on the BSE and on the NSE, the stock surged 5.58 per cent to Rs 549.</p>
<p> <br />The rival firms, ABG Shipyard and Bharti Shipyard-- are locked in a battle to gain control of the country's largest integrated offshore services player-- Great Offshore. <br /><br />Yesterday, the companies got SEBI approval to go ahead with their open offer for Great Offshore.<br /><br />The last offer price quoted by Bharati was Rs 560 per share, while that by ABG was Rs 540.<br /><br />Shares of ABG Shipyard jumped 5.96 per cent to a high of Rs 213.90 on the BSE and surged to Rs 213.80, rising by 5.47 per cent on the National Stock Exchange.<br /><br />While, shares of Bharati Shipyard climbed to Rs 174, up nearly six per cent on the BSE. On NSE, it jumped 6.02 per cent to a high of Rs 174.20.<br /><br />Bharati has acquired 23.17 per cent stake in Great Offshore and ABG Shipyard currently holds around eight per cent in Great Offshore.<br /><br />Meanwhile, shares of Great Offshore touched a high of Rs 548.70, up 5.68 per cent on the BSE and on the NSE, the stock surged 5.58 per cent to Rs 549.</p>