ABG Shipyard Ltd clarifies on acquisition by lenders

ABG Shipyard Ltd has clarified with reference to the news flashed on CNBC TV 18, 09/09/2015 - "Lenders may consider taking over ABG shipyard if Privinvest deal falls."

As informed earlier vide letter dated 11th June, 2015 that the Privinvest has expressed firm interest for Strategic Investment in the Company and talks in this regards are still going on.

Till date the level of talks are not on the stage which has to be announced to the Exchanges which could explain the movement in the trading and that which is required to be disclosed to the stock exchanges as per Clause 36 of the Listing Agreement.

Shares of ABG SHIPYARD LTD. was last trading in BSE at Rs.145 as compared to the previous close of Rs. 134.5. The total number of shares traded during the day was 121378 in over 2397 trades.

The stock hit an intraday high of Rs. 146.85 and intraday low of 136.1. The net turnover during the day was Rs. 17061654.

Source : Equity Bulls

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