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Mercator to sell its vessel ‘Harsha Prem’ for $3.42 million

04 Nov 2017 Evaluate

Mercator has entered into Memorandum of Agreement with Gemini Marine, Nevis to sell its vessel Harsha Prem for total consideration of $3.42 million. The transaction is expected to be completed by November 15, 2017, subject to necessary approval as may be applicable. The proceeds of sale would be used to repay debts of the company.

Mercator is one of India's largest private sector Dredging Company. 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. 305.85
GE Shipping 1425.30
Dredging Corp 976.65
Seamec 1556.00
Shreeji Ship.Global 377.10
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