Mercator sells Nerissa for $27.5 million

30 Apr 2019

Mercator has sold its very large crude carrier – Nerissa (VLCC), built 2006, for a total consideration of  $27.5 million (Net) and the proceeds of which is being used to reduce the debt and other liabilities. The buyer does not belong to Promoter/ Promoter Group Companies.

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.

Related Mercator Ltd. Links:

Mercator Share Price

1.03 0.03 (3.00%) Mar 08, 18:37
1 Year Price Chart
Peers
Company Name CMP
Shipping Corpn. 129.15
GE Shipping 311.20
Dredging Corp 398.80
Shreyas Shipping 81.25
Essar Shipping 9.66
View more..
Sensex vs Mercator
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback