Posts filed under 'Shipping'
The media had reports on August 20, 2007 that Great Offshore Limited may acquire Norwegian offshore company PetroJack for $500 million.
The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.
Great Offshore Limited has vide its letter inter-alia stated, “With a view to business expansion, the Company is exploring various opportunities available to it in its line of business. However as of date, the Company has not finalized any new acquisitions, as and when any expansion plans are finalised, the Company will inform the Exchange accordingly.”
August 22nd, 2007
The media had reports that Great Offshore Limited may acquire Norwegian offshore company PetroJack for $500 million.
The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.
Reply is awaited from Great Offshore Limited.
August 20th, 2007
NSE Press Release
The media had reports that ABG Shipyard Limited may bag a Rs 900-1000 Cr order from a European company.
The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.
ABG Shipyard Limited has vide its letter inter-alia stated, “In this regard, we wish to inform you that as we are in the ship-building industry, we deal with many potential enquires and we announce only those which are converted into effective business. In the instant case, we would like to bring to your notice that as on date we do not have any such effective order.”
May 22nd, 2007
NSE Press Release
The media had reports that Bharati Shipyard Limited may acquire the UK-based Swan Hunter Shipyard.
The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.
Bharati Shipyard Limited has vide its letter inter-alia stated, “We have to state that negotiations were going on with Swan Hunter for purchase of shipyard machinery and there are conditions precedent to be complied with, before the arrangement becomes effective and the same has to receive a final approval of the Board of Directors, which we expect to receive soon. It may be kindly noted that there is no acquisition of overseas shipyard as reported in the press, but only procurement of machineries for shipyard activities in the normal course of business.”
April 10th, 2007