MoneyWorks4Me

GE Shipping planning to raise funds on private placement

24 Apr 2018 Evaluate

Great Eastern Shipping Company (GE Shipping) is planning to raise funds by way of private placement. The meeting of the board of directors of the company is scheduled to be held on May 4, 2018 to consider the issue of non-convertible debentures (NCDs) up to an amount not exceeding Rs 1000 crore by way of private placement during the year.

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

Peers