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Q.

If ABG Shipyard has been associated with this company whay share price is not moving?

About: Company: Western India Shipyard Ltd.

Tags: company whay share price, abg shipyard
Asked by SANJEEV PANWAR, 30 Aug '07 05:00 pm
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Answers (2)

1.

Because Every one has sold this stock and you are only holding this stock :-)
Answered by sumit nahar, 30 Aug '07 09:55 pm

 
  
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2.

ABG Shipyard Ltd. (ABGS.BO: Quote, Profile, Research) is in the race to buy out Western India Shipyard Ltd. (WSHP.BO: Quote, Profile, Research) for an undisclosed sum, the Economic Times newspaper reported on Friday.

Bharati Shipyard (BHAR.BO: Quote, Profile, Research), Larsen & Toubro (LART.BO: Quote, Profile, Research) and the Dempo group are the other contenders, the newspaper said. ICICI Bank (ICBK.BO: Quote, Profile, Research) is co-ordinating the sale, the paper said quoting sources.

While an ABG Shipyard official refused to comment immediately, Bharati Shipyard confirmed it had bid for Western India Shipyard.

Indian shipyards have been on an expansion spree for some time that included takeovers as demand for new ships picked up sharply.

In May, ABG Shipyard took over unlisted Vipul Shipyard in Gujarat state for an undisclosed sum. In April, Bharati Shipyard bought out the shipbuilding machinery of 130-year-old Swan Hunter (Tyneside) Shipyard Ltd. from England to ...more
Answered by asharam sharma, 06 Sep '07 12:23 pm

 
  
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