Mercator gets nod to raise up to $ 50 million through issue of securities

25 Jul 2017 Evaluate

Mercator has received an approval for raising funds up to an aggregate amount of $50 million or in equivalent Indian Currency amount by way of issue of securities/Foreign Currency Convertible Bonds or raising capital by way of Qualified Institutional Placement/ADR/GDR or any other method; in Indian or International. The board of directors at their meeting held on July 25, 2017, 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.

Mercator Share Price

0.84 0.00 (0.00%)
10-Mar-2023 18:02 View Price Chart
Peers
Company Name CMP
Shipping Corpn. 208.75
GE Shipping 1000.15
Dredging Corp 676.50
Shreyas Shipping 252.05
Seamec 1070.05
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