Mercator has received an approval for divestment of entire stake in Mercator Lines (Singapore), step down subsidiary held through wholly owned subsidiary Mercator International and to seek shareholders’ approval through Postal Ballot for the same. The board of directors at its meeting held on February 11, 2016 has approved for the same.
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.
