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Open offers for Great Offshore conclude
Bharati Shipyard has received 10.2 million shares in the open offer made for acquiring an additional stake of 20 per cent in Great Offshore at Rs 590 a piece. The shares are equivalent to a stake of 27.5 per cent. Bharati had made the offer against ABG Shipyard’s counter offer to buy a stake of 33.8 per cent at Rs 520 a share.

OIL willing to take over ONGC's Assam oilfields
As the government mulls hiving off Oil and Natural Gas Corp’s (ONGC’s) Assam oilfields, state-owned Oil India Ltd (OIL) has said it is willing to take over the assets and can run the fields more efficiently than the current owner.

News of the day

IIP growth raises hopes of recovery
Mining, manufacturing grow in double digits.
Corporate

FII-TO-FII TRADES: PNB traded at 6% premium

Trades between FIIs generated a volume of Rs 107 crore on the BSE Friday-an increase of 39.82% from Rs 77 crore clocked on Thursday. As many as seven stocks witnessed trades of 20 lakh shares on Friday. - Aban Offshore opens bids for Rs 1,000-cr QIP issue - More cos should go for listing: Corp Affairs Secy - Sensex ends up 153pts - Ranbaxy pares early gains, ends flat - Mahindra Satyam down 7% on L&T"s stake sale - Ramsarup Ind signs power purchase agreement Punjab National Bank was traded at highest premium of 5.72% on BSE with 2.97 lakh shares changing hands at Rs 960.20 as against the spot price of Rs 908.25. Union Bank of India was traded at second highest premium of 2.09% on BSE with 1.58 lakh shares changing hands at Rs 268.50 as against the spot price of Rs 263.


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