New Delhi-based HAL has agreed to buy a majority holdingfrom French subsea giant Technip which owns a 75% stake.
The deal has triggered an open offer to other shareholdersfor the remaining 25% of outstanding shares in the Bombay-listed company.
HAL has bid INR 97 per share for those units, Seamecrevealed in an exchange filing, valuing the company at just over INR 3.4bn($55m).
Shares
