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Essar Shipping gets nod to raise Rs 400 crore through NCDs

28 Aug 2023 Evaluate

Essar Shipping has received approval for Issue Upto 4,00,00,000 1% Non-Convertible Debentures (NCDs) of face value of Rs 100 each aggregating to Rs 400 crore, in one or more tranches, subject to the approval of shareholders and in accordance with the provisions of the Securities and Exchange Board of India and the Companies Act, 2013. The Board of Directors of the company at its meeting held on, August 25, 2023, has approved 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.

Essar Shipping Share Price

25.51 -0.28 (-1.09%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Shipping Corpn. 338.75
GE Shipping 1586.75
Dredging Corp 952.90
Seamec 1502.55
Shreeji Ship.Global 415.85
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