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GE Shipping gains on plan to raise Rs 150 crore on private placement basis

30 Aug 2017 Evaluate

Great Eastern Shipping Company (GE Shipping) is currently trading at Rs. 389.60, up by 2.05 points or 0.53% from its previous closing of Rs. 387.55 on the BSE.

The scrip opened at Rs. 384.00 and has touched a high and low of Rs. 394.15 and Rs. 384.00 respectively. So far 2544 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 477.00 on 21-Apr-2017 and a 52 week low of Rs. 337.00 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 397.00 and Rs. 386.00 respectively. The current market cap of the company is Rs. 5936.09 crore.

The promoters holding in the company stood at 30.20%, while institutions and non-institutions held 42.33% and 27.47% respectively.

GE Shipping has received an approval for issue of 1500 Secured Non-Convertible Debentures of Rs 10 lakh each aggregating to Rs 150 crore by way of private placement. The said debentures will be listed on WDM segment of National Stock Exchange of India. The tenure is for 7 years and it will carry coupon rate of 8.05% per annum.

Credit Analysis & Research has assigned ‘AAA’ (Outlook: Stable) rating and Brickwork Ratings India has assigned ‘AAA’ (Outlook: Stable) rating.

Great Eastern Shipping Company is India’s largest private sector shipping company. The company’s major businesses include shipping and offshore.

 

GE Shipping Share Price

1423.50 0.75 (0.05%)
21-Apr-2026 09:07 View Price Chart
Peers
Company Name CMP
Shipping Corpn. 299.10
GE Shipping 1423.50
Dredging Corp 1003.20
Seamec 1544.00
Shreeji Ship.Global 373.25
View more..

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