Moneycontrol
Jan 11, 2017 10:15 PM IST IST | Source: PTI

Great Eastern Shipping plans to raise up to Rs 500 cr via NCDs

"A meeting of the Debenture Issue Committee is scheduled to be held on January 16, to consider the issue of unsecured non-convertible debentures up to an amount not exceeding Rs 500 crore by way of private placement," Great Eastern Shipping Company Ltd said in a filing to BSE.


Great Eastern Shipping Company plans to raise up to Rs 500 crore via issuance of non-convertible debentures on private placement basis.


"A meeting of the Debenture Issue Committee is scheduled to be held on January 16, to consider the issue of unsecured non-convertible debentures up to an amount not exceeding Rs 500 crore by way of private placement," Great Eastern Shipping Company Ltd said in a filing to BSE.

The company has two main businesses --shipping and offshore.

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