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.
