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ABG Shipyard gains on stake sale report

The stock up 17% to Rs 39 after the company said it is exploring the possibility for strategic investors so as to improve the company's financial and operational strength.

SI Reporter  |  Mumbai 

ABG Shipyard

has moved higher by 17% to Rs 39.25 on BSE on the back of heavy volumes after the company said it is exploring the possibility for strategic investors so as to improve the company’s financial and operational strength.

For this purpose, the company has appointed Rothschild as the investment banker, it added.


made a clarification with reference to reported in Business Standard dated October 19, 2016 stating "may sell controlling stake to Russian firm". CLICK HERE TO READ FULL REPORT.

At 02:01 pm, the stock was up 14% at Rs 38.15 on BSE. The trading volumes on the counter more than doubled with a combined 5.02 million shares changed hands on BSE and NSE.
 

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ABG Shipyard gains on stake sale report

The stock up 17% to Rs 39 after the company said it is exploring the possibility for strategic investors so as to improve the company's financial and operational strength.

The stock up 17% to Rs 39 after the company said it is exploring the possibility for strategic investors so as to improve the company's financial and operational strength.
has moved higher by 17% to Rs 39.25 on BSE on the back of heavy volumes after the company said it is exploring the possibility for strategic investors so as to improve the company’s financial and operational strength.

For this purpose, the company has appointed Rothschild as the investment banker, it added.

made a clarification with reference to reported in Business Standard dated October 19, 2016 stating "may sell controlling stake to Russian firm". CLICK HERE TO READ FULL REPORT.

At 02:01 pm, the stock was up 14% at Rs 38.15 on BSE. The trading volumes on the counter more than doubled with a combined 5.02 million shares changed hands on BSE and NSE.
 

image
Business Standard
177 22

ABG Shipyard gains on stake sale report

The stock up 17% to Rs 39 after the company said it is exploring the possibility for strategic investors so as to improve the company's financial and operational strength.

has moved higher by 17% to Rs 39.25 on BSE on the back of heavy volumes after the company said it is exploring the possibility for strategic investors so as to improve the company’s financial and operational strength.

For this purpose, the company has appointed Rothschild as the investment banker, it added.

made a clarification with reference to reported in Business Standard dated October 19, 2016 stating "may sell controlling stake to Russian firm". CLICK HERE TO READ FULL REPORT.

At 02:01 pm, the stock was up 14% at Rs 38.15 on BSE. The trading volumes on the counter more than doubled with a combined 5.02 million shares changed hands on BSE and NSE.
 

image
Business Standard
177 22