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

17 Jul 2015

Great Eastern Shipping Company is currently trading at Rs 352.80, up by 1.95 points or 0.56% from its previous closing of Rs 350.85 on the BSE.

The scrip opened at Rs. 351.50 and has touched a high and low of Rs. 354.15 and Rs. 350.00 respectively. So far 1750 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 467.00 on 16-Sep-2014 and a 52 week low of Rs. 326.75 on 05-Feb-2015.

Last one week high and low of the scrip stood at Rs. 354.15 and Rs. 343.00 respectively. The current market cap of the company is Rs. 5312.63 crore.

The promoters holding in the company stood at 30.41% while Institutions and Non-Institutions held 41.85% and 27.54% respectively.

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.

Related The Great Eastern Shipping Company Ltd. Links:

GE Shipping Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323