The stock gained 5 per cent to Rs 233, after the foreign institutional investors purchased 1.12 per cent stake in the company from open market for Rs 7.08 crore.
Credit Suisse (Singapore) bought 308,000 shares of the company through block deal at a price of Rs 230.17 per share on NSE. The company has got good response to the open offer for Great Offshore.
Bharati, which already holds 23.9 per cent in the company, will hold 43.19 per cent stake on completion of the offer, making it the biggest shareholder in Great Offshore.
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