Comments
Great Eastern Shipping Company today announced that the debenture issue committee has approved raising up to Rs 150 crore via issuance of non-convertible debentures on private placement basis.
“The debenture issue committee at its meeting held today has approved the issue of 1,500 unsecured non-convertible debentures of Rs 10 lakh each aggregating to Rs 150 crore by way of private placement,” Great Eastern Shipping said in a BSE filing.
Tenure of the NCDs will be 10 years and will carry a coupon/interest rate of 8.25 per cent per annum.
The company has two main businesses — shipping and offshore.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.