Credit Suisse buys 1.11% stake in Bharati Shipyard

Written by Agencies | Mumbai | Updated: Dec 30 2009, 01:46am hrs
Foreign fund house Credit Suisse (Singapore) today bought about 1.11 per cent stake in private shipbuilder Bharati Shipyard Ltd for nearly Rs 7 crore.

In a bulk deal on the National Stock Exchange, Credit Suisse bought 3,08,004 equities at a price of Rs 230.17 per piece, aggregating to Rs 7.08 lakh.

Shares of Bharati Shipyard today closed at Rs 232, higher by 4.55 per cent from its previous close on the NSE.