HAL Offshore to buy 75% stake in Seamec
Written by: Planify
Published: 22 April 2014
Updated: 23 May 2024
1 min read
Mumbai: Logistics company HAL Offshore Ltd agreed to buy a 75% stake in Seamec Ltd from Coflexip Stena Offshore (Mauritius) Ltd, a part of France’s Technip SA, for ₹ 246 crore.
HAL Offshore, part of the MM Agrawal Group, will initially buy a 51% stake in Seamec from Coflexip at ₹ 97 a share and look to buy the remaining stake in an open offer, a person directly involved in the development said, requesting anonymity.
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