Great Offshore lists at Rs 702 on BSE

Great Offshore, which was formed as a result of the demerger of Great Eastern Shipping Company (GE Shipping), today listed on the Bombay Stock Exchange (BSE) at Rs 702.

The company entered the bourses with 3.81 crore equity shares of Rs 10 each, which were issued pursuant to the demerger scheme.

The shares of Great Offshore touched a high of Rs 800 within minutes of getting listed on the Bombay Stock Exchange.

The scheme of arrangement, which entails the demerger of the offshore services business of Great Eastern Shipping Company (GESCO) to Great Offshore, was approved by the Bombay High Court.