Varun Shipping gets nod for amalgamation

Varun Shipping has received an approval for the proposal of amalgamation between Varun Shipping Company and Varun Global Private and Tarun Shipping and Industries and Varun Maritime and Varun Gas Infrastructure and Varun Resources and their respective shareholders and creditors. The amalgamation Scheme has been approved in the meeting with requisite majority of 97.18% in number and 99.99% in value.

Varun Shipping is the leading Indian private sector shipping company that owns and operates vessels in the hydrocarbon sector. The company has a well diversified fleet due to which it offers a comprehensive transportation and support solutions, thus making it a global player in energy transportation and offshore exploration and production (E and P) support services.