Shares of Great Offshore shot up by over 10% to Rs559 as high stakes battle for the control of the company escalated further after ABG Shipyard raised the open offer price to acquire a 32.12% stake in the offshore service provider to Rs520 a share, according to a filing on the National Stock Exchange (NSE) today. On Monday, ABG bought 150,000 shares, or 0.4%, of Great Offshore from the open market at an average Rs498.39 a share and a maximum price of Rs519.94.
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