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Mercator concludes sale of Floating Production Unit of MOPPL

23 Feb 2017 Evaluate

Mercator has concluded the sales of Floating Production Unit of Mercator Offshore (P) (MOPPL), a step down subsidiary of the company. The sale proceeds have been realized and will be used towards repayment of high cost debt and for other operational purposes.

Mercator is Mumbai based International organization. As a group, Mercator has diversified business interests in Coal, Oil & Gas, Commodity Transportation and Dredging.

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