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Mercator inks agreement to sell its vessel ‘Vrinda’ for $4.25 million

21 Mar 2018 Evaluate

Mercator has entered into a Memorandum of Agreement with Best Oasis, Hong Kong to sell its vessel M. V. Vrinda for a total consideration of $4.25 million. The transaction is expected to be completed by April 6, 2018, subject to necessary approvals. The proceeds of the 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. 300.30
GE Shipping 1422.75
Dredging Corp 1003.20
Seamec 1557.75
Shreeji Ship.Global 373.25
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