How much is Bharati Shipyard investing on the expansion?
We had already acquired 14.89 per cent pledge stake (55,33,786 equity shares at Rs 315 per share) from Great Offshore Ltd where, earlier with the holding companies of promoters of Great Offshore Ltd, Advitiya Urja Pvt. Ltd and Vishudh Urja Pvt. Ltd, the two 100 per cent subsidiaries of Bharati Shipyard Ltd. Now, Natural Power Ventures Pvt. Ltd and Dhanshree Properties Pvt, Ltd, the two 100 per cent subsidiaries of Bharati Shipyard Ltd, will hold the 14.89 per cent stake in Great Offshore Ltd. Also, our open offer to Great offshore is at Rs 344 per share. What is the potential of the Indian shipbuilding and ship repair industry? Bharati Shipyard recently acquired a floating dock as a part of the acquisition of New Castle based Swan Hunter shipyard in 2007 at a significantly attractive value. The procurement of floating dock and other sophisticated hightech equipment signifies a new era for Bharati Shipyard and the Indian shipbuilding industry for graduating to building complex and techn
