On Wednesday, 8.21 lakh shares were traded against an average of 80,000 shares. SCI and ONGC will hold 24.5 per cent each in a new company, named Offshore Marine Services. |
The new company will serve ONGC's offshore marine vessel operations and other Indian oil and gas companies. |
The company will sign a charter agreement with ONGC to use its marine vessels and also acquire new vessels to serve clients other than ONGC. An arm of Singapore's PSA International (Pte) will hold 21 per cent stake in Offshore Marine Services. |