Essar Shipping is planning to raise funds by way of issue of one or more instruments including convertible or Non-Convertible securities of any description or warrants or debt securities, through preferential issue, private placements or any other methods or combination thereof as may be permitted under applicable laws, subject to such regulatory/statutory approvals as may be required, including the approval of the shareholders of the Company. The meeting of the Board of Directors of the Company is scheduled on August 25, 2023 inter alia, to consider and approve the same.
Essar Shipping is a part of Essar Group. The company is in to business of shipping and logistics with a focus on transportation solutions for the global energy business.
