Mercator has received approval from QIP Committee of the Board of Directors to allot around 3.26 crore equity shares of face value Rs 1 each at a premium of Rs 43.65 a share, aggregating to Rs 145.413 crore. The company has received approval for the same at the meeting held on November 13, 2017.
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.
