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Wednesday, December 2, 2009

ABG Shipyard exits race for Great Offshore

ABG Shipyard Ltd has informed that ABG Shipyard Ltd (ABG) and Eleventh Land Developers Pvt. Ltd. (ELDPL) (a wholly owned subsidiary of ABG), on December 02, 2009, have announced the sale of 30,78,000 shares of Great Offshore Ltd. (being approximately 8.27% of current paid up shareholding of Great Offshore Ltd.) through a stock market sale ("Transaction"). Consequent to this Transaction, the cumulative shareholding of ABG and ELDPL in Great Offshore Ltd. is 571 shares.

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