The company will raise funds through the issue of equity shares, bonds, debentures and other securities to augment its exploration and production services.
In December, Bharati Shipyard, the country's second-largest ship maker, acquired a 45.88 per cent stake in the Mumbai-based Great Offshore, using a combination of public offer and other acquisition routes. Bharati had acquired over 20 per cent stake for $100 million (Rs 461 crore) through an open offer, buying 7.82 million shares at a price of Rs 590 per share.
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