ABG Shipyard has exited the race by selling its entire holding in an unexpected twist to the Great offshore takeover battle. Bharati and ABG have been engaged in a hostile takeover bid for the past five months to acquire Great offshore once owned by Vijay sheth.
ABG Shipyard and its wholy owned subsidiary Eleventh Land Developers on Wednesday liquidated their holding of 8.27 percent in Great Offshore a day after Bharati revised the offer price to Rs 590 a share.
MCX Commodity Tips
ABG said it sold 3078000 shares of Great offshore through a stock Market transaction.
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