Great Eastern Shipping to raise Rs 150 cr via NCDs
Great Eastern Shipping Company today said its 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 today has approved the issue of 1,500 secured non-convertible debentures of Rs 10 lakh each aggregating to Rs 150 crore by way of private placement," Great Eastern Shipping said in a filing to BSE.
The company has two main businesses - shipping and offshore.
Its shares were trading 0.32 per cent higher at Rs 388.80 apiece on BSE.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.