Essar Ports has received its board’s approval to raise fund upto an amount of $500 million through issuance of Foreign Currency Convertible Bonds (FCCB) /Global Depository Receipts (GDR) /American Depository Receipts (ADR) /Optionally Compulsorily Convertible Bonds (OCCB) /any other instruments convertible into shares of the company upto an amount of $ 500 million.
The company will seek the enabling approval of the members at the ensuing Annual General Meeting for the aforesaid issue.
Essar Ports is engaged in business of providing end-to-end logistics services with investments in ports and terminals, logistics services, sea transportation and oilfield drilling services.
| Company Name | CMP |
|---|---|
| Shipping Corpn. | 300.30 |
| GE Shipping | 1422.75 |
| Dredging Corp | 1003.20 |
| Seamec | 1557.75 |
| Shreeji Ship.Global | 373.25 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: