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G E Shipping gets nod to raise Rs 150 crore through NCDs

26 Oct 2020 Evaluate
Great Eastern Shipping Company (GE Shipping) has received approval from its board of director to raise Rs 150 crore by the issuance of 1500 Secured Non-Convertible Debentures (NCDs) having face value of Rs 10 lakh each on private placement. The board of directors at its meeting held on October 26, 2020 has approved 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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