GE Shipping eyeing to raise up to Rs 500 crore through NCDs

17 Jul 2015

Great Eastern Shipping Company (GE Shipping), India’s largest private shipping company, is planning to raise up to Rs 500 crore through non-convertible debentures (NCDs) on a private placement basis.  The approval will be sought in the company’s annual general meeting scheduled on August 12 while the terms and conditions for raising the fund would be determined by the board.

Great Eastern Shipping Company is India’s largest private sector shipping company. The company’s major businesses include shipping and offshore.


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