Carlyle has picked up around 5% stake in Great Offshore (GOL), formed by demerging the offshore division of GE Shipping, India's largest private shipping company. The deal, struck on Friday, is believed to be valued at around Rs 165 crore. Sources said the private equity fund from Mauritius picked up shares from mutual funds — mostly from Merrill Lynch, UTI and HSBC, for Rs 860 a share. The deal was arranged by Motilal Oswal. On Friday, GOL's share price rose almost 5% on BSE to close at Rs 861. Post-deal, LIC, GIC and other mutual funds will hold around 7% stake. Vijay Sheth holds around 20% of GOL. Other promoters, including the families of Mulji and Asha Sheth, wife of late Vasant Sheth, one of the founders of GE Shipping, hold around 8% stake. […]