The stock pared gains and ended with a gain of 2.5% at Rs 214. Around 570,492 shares were traded on the BSE today.
Great Offshore, on the other hand, erased all gains and ended flat at Rs 567. Over 305,072 shares changed hands at the counter today.
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(Updated at 0959 hrs)
Bharati Shipyard has advanced in early trades after increasing its stake in Great Offshore to 22.48%.
The stock has surged to a high of Rs 226 - up 8%. Around 84,211 shares have been traded on the BSE so far.
The company has acquired an additional 3% stake in driling firm Great Offshore. The company paid Rs 560 for each of the 11.16 million shares bought on stock exchanges in bulk deals. This will revise the offer price announced by Bharati for Great Offshore shareholders for an additional 20% stake. The new offer price now stands at Rs 560.
Great Offshore on the other hand, has added 2% to Rs 575. Earlier in the day, the stock touched a high of Rs 584. Over 47,900 shares have changed hands at the counter so far.
