Sharemasterindia.com: ABG Shipyard shares surged nearly 12 per cent to hit intraday high of Rs
186.70 after the company clarified that it is in talks with Germany
based Privinvest to sell its stake.
ABG Shipyard clarified that it received an expression of interest from Privinvest which owns shipyards such as Nobiskrug Gmbh, Germany, Hellenic Shipyards S. A. Greece, CMN, France, Adm Kiel Shipyards, Germany and Logistics International Sal Adm Shipyards, UAE.
On Thursday, news reports surfaced which suggested that Germany based Privinvest was looking to buy 49 per cent stake in ABG Shipyard via fresh equity worth Rs 1,000 crore.
Reacting to this news, shares of ABG Shipyard came in high demand as 4.78 lakh shares changed hands on the BSE compared to average of 2.55 lakh shares traded daily in the past two weeks.
ABG Shipyard clarified that it received an expression of interest from Privinvest which owns shipyards such as Nobiskrug Gmbh, Germany, Hellenic Shipyards S. A. Greece, CMN, France, Adm Kiel Shipyards, Germany and Logistics International Sal Adm Shipyards, UAE.
On Thursday, news reports surfaced which suggested that Germany based Privinvest was looking to buy 49 per cent stake in ABG Shipyard via fresh equity worth Rs 1,000 crore.
Reacting to this news, shares of ABG Shipyard came in high demand as 4.78 lakh shares changed hands on the BSE compared to average of 2.55 lakh shares traded daily in the past two weeks.
