GE Shipping raises Rs 500 crore on private placement basis

16 Jan 2017

Great Eastern Shipping Company (GE Shipping) has received an approval to issue 5000 Unsecured Non-Convertible Debentures (NCDs) of Rs 10 lakh each aggregating to Rs 500 crore by way of private placement. The Debenture Issue Committee at its meeting held on January 16, 2017 has approved for the same.

The said issues will be listed on WDM segment of National Stock Exchange (NSE). Credit rating agency, Credit Analysis & Research has assigned ‘AAA’ rating to the said issue, while Brickwork Ratings India has assigned ‘AAA’ rating to the said issue.

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

307.50 -4.55 (-1.46%) Mar 01, 18:43
1 Year Price Chart
Company Name CMP
Shipping Corpn. 103.70
GE Shipping 307.50
Dredging Corp 414.30
Shreyas Shipping 82.50
Essar Shipping 8.96
View more..
Sensex vs GE Shipping
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323