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GE Shipping raises Rs 300 crore through NCDs

12 Apr 2018 Evaluate

Great Eastern Shipping Company (GE Shipping) has allotted 8.85% 3,000 Secured Non-Convertible Debentures (NCDs) of face value of Rs 10 lakh each aggregating to Rs 300 crores. The Debenture Issue Committee of the company at its meeting held on April 12, 2018, has allotted the same.

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

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