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Great Eastern Shipping Company today announced that the debenture issue committee has approved raising up to Rs 500 crore via issuance of non-convertible debentures on a private placement basis.
“The debenture issue committee at its meeting held on January 16, 2017 has approved the issue of 5,000 unsecured non-convertible debentures of Rs 10 lakh each aggregating to Rs 500 crore by way of private placement,” Great Eastern Shipping said in a filing to the BSE.
The company has two main businesses — shipping and offshore.
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