Consequent upon receipt of requisite approval from the Seller, Maharashtra Seamless Ltd has acquired an Offshore Jack Up Drilling Rig from Star Drilling Pte. Ltd., Singapore, an associate of the Company for USD 100 million.
The above said Rig is currently operating under contract with Oil and Natural Gas Corporation Ltd. (ONGC).
Shares of MAHARASHTRA SEAMLESS LTD. was last trading in BSE at Rs.225.1 as compared to the previous close of Rs. 211.8. The total number of shares traded during the day was 1476 in over 81 trades.
The stock hit an intraday high of Rs. 254.15 and intraday low of 210.35. The net turnover during the day was Rs. 338605.