Global Offshore Services has moved higher by 8% at Rs 80.95 after the company said its wholly owned subsidiary Global Offshore Services B. V. has raised $13.87 million (approx Rs 78 crore) via equity sale.
“The company's wholly owned subsidiary Global Offshore Services B. V. (GOSBV), based in The Netherlands has issued and allotted 5.57 million shares for a consideration of $13.87 million, to an investor,” Global Offshore said in a filing.
Consequent to the investment, the company now holds 69% equity stake of GOSBV, it added.
The stock opened at Rs 74.15 and touched high of Rs 84.80 on the National Stock Exchange. A combined 132,763 shares have changed hands so far on both the exchanges.