Aion Direct buys additional 5.67% stake in Mercator through FCCB Conversion

04 Jun 2014 Evaluate

Aion Direct has bought additional 5.67% stake in Mercator through FCCB Conversion. With this, Aion Direct holds 9.08% stake in the company. Back in May, Mercator reported that its transaction for issuing Foreign Currency Convertible Bonds (FCCB), unsecured, aggregating $16 million basis had been fully subscribed and the bonds stand to be alloted.

Mercator is the second-largest private sector shipping company on a consolidated basis in India, in terms of tonnage capacity. The group has a presence in varied segments namely shipping, offshore services, oil exploration and production, dredging, coal mining/trading and logistics.

Mercator Share Price

0.84 0.00 (0.00%)
10-Mar-2023 18:02 View Price Chart
Peers
Company Name CMP
Shipping Corpn. 208.75
GE Shipping 1000.15
Dredging Corp 676.50
Shreyas Shipping 252.05
Seamec 1070.05
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