GE Shipping to raise Rs. 150 cr via NCDs

Posted by Daily Shipping Times on 04-09-2017        Tweet

MUMBAI: Great Eastern Shipping Company’s debenture issue committee has approved a proposal to raise Rs. 150 crore via issuance of non-convertible debentures (NCDs) on a private placement basis.

“The debenture issue committee at its meeting held recently has approved the issue of 1,500 secured non-convertible debentures of Rs. 10 lakh each aggregating Rs. 150 crore by way of private placement,” the company said in a filing to BSE.

GE Shipping has two main businesses — shipping and offshore.