Post on 10-Apr-2018
8/8/2019 Bharti Shipyard- Ashwathi
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Ashwathi Ashokan
2988
Benette Abraham
2990
8/8/2019 Bharti Shipyard- Ashwathi
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Accredited with ISO 9001 ± 2000
Privately operated shipyard, promoted byMr. P.C. Kapoor and Mr. Vijay Kumar
Construction- sophisticated vessels- marine
sector.
BSL is listed on both NSE and BSE and owns
six strategically located shipyards at different
parts of the country.
8/8/2019 Bharti Shipyard- Ashwathi
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Offshore oilfield services provider
Offering services to oil and gas producers tocarry out offshore exploration and production
(E&P) activities.
ISO 9001 and ISO 14001 registered.
GOL is listed on both the NSE & BSE.
8/8/2019 Bharti Shipyard- Ashwathi
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Great Offshore saw aggressive bidding for almost 6
months by the two shipyard giants, Bharati Shipyard
Limited and ABG Shipyard Limited
The chase to acquire GOL by both BSL and ABG
resulted in the open offer price of GOL shooting from
INR 344/- per share to INR 590/- per share
ABG after making an open offer for management
control, suddenly withdrew from the bidding race, by
selling almost its entire stake in GOL to Edelweiss .
8/8/2019 Bharti Shipyard- Ashwathi
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ABG did not want to acquire shares of GOL at a
rate higher than INR 590/- per share which was
the price offered by BSL. Talk of unfair trade practice and market
manipulation- ABG purposefully foiled BSL¶s
plan to acquire GOL by increasing the offer price
of BSL.
8/8/2019 Bharti Shipyard- Ashwathi
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BSL bagged the control of GOL despite the
acquisition turning out to be expensive costing
around INR 900 crores.
ABG sold its entire stake to - Edelweiss , ECL
Finance Limited, Carmona Investment &
Finance for a profit of 50 crores.
Win win situation for both.