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.
