ABG Shipyard enters race for buying Great Offshore; Bharati may raise offer price
An interesting merger and acquisition battle is brewing in Indian ship buliding industry. ABG Shipyard Ltd (ABG), the country's largest private shipbuilder has made a counter offer for buying substantial shares in Great Offshore Ltd (GO). Earlier this month, Bharati Shipyard Ltd (Bharati), the second largest shipbuilder in the country which owns 14.89% shares in GO had made an open...
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