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Private shipbuilder ABG Shipyard’s largest promoter entity, ABG International, today picked up over three lakh shares of the company for Rs 10.13 crore through open market transaction.
As per the bulk deal data available with the stock exchanges, ABG International has acquired 3.27 lakh shares of the company. ABG International held 3.12 crore shares or 61.29 per cent stake in ABG Shipyard as on December 31, 2012.
Shares were acquired at an average price of Rs 309.43 apiece, aggregating the deal size to Rs 10.13 crore.
Last week, ABG International had bought 12.50 lakh shares of the company amounting to 2.45 per cent. The deal was valued at Rs 50 crore.
Shares of ABG Shipyard surged 8.42 per cent to end the day at Rs 312.30 apiece, on the BSE.
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