Offshore services firm Great Offshore Ltd said on Thursday ABG Shipyard has revised its open offer price to buy 32 per cent in the firm to Rs 450 each, countering a bid by rival Bharati Shipyard.
On Wednesday, ABG, along with a unit Eleventh Land Developers acquired 1.9 million shares, or 5.2 per cent of Great Offshore, at Rs 450 through open market purchase, the latter said in a disclosure to the Bombay Stock Exchange.
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Earlier this month, Bharati Shipyard had made an open offer for Rs 405.
