In the process of selection of the eligible investor in ABG Shipyard Limited, a bid process is being conducted by the Lenders. In order to give effect to the Proposed Transaction, the Company is required to share information regarding the business and operations of the Company, including certain unpublished price sensitive information ('UPSI'), as part of the due diligence to be conducted by the Prospective Bidders and the subsequent submission of the bids by the Prospective Bidders. The Board of Directors have passed the resolution by circulation on 14th March, 2017 on the above matter.
Shares of ABG SHIPYARD LTD. was last trading in BSE at Rs.20.35 as compared to the previous close of Rs. 20.95. The total number of shares traded during the day was 92120 in over 384 trades.
The stock hit an intraday high of Rs. 21 and intraday low of 19.95. The net turnover during the day was Rs. 1868042.