ABG Shipyard Ltd and Bharati Shipyard Ltd have received regulatory approvals for their open offers for a stake in Great Offshore Ltd (GOL) This has been stated by officials. While ABG Shipyard has received approvals from the Securities & Exchange Board of India (SEBI) to acquire management control, Bharati can only increase its stake but not gain control.
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ABG Shipyard Chief Financial Officer Dhananjay Datar as well as a spokesman for Bharati Shipyard confirmed receiving regulatory approvals for the offer.
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