Comments
Mercator has informed the exchanges that it has incorporated a wholly-owned subsidiary Mercator Oceantransport Ltd in India. The move is aimed at taking forward the business restructuring plans of the company to focus on the shipping business and allied activities through a subsidiary. The main objective of the subsidiary is to carry on the business of establishing, maintaining and operating all kinds and types of shipping, ship management and ship transport business, and to provide related services across the globe, including in India. Shares of Mercator closed at ₹43.85, up 2.3 per cent, on the NSE.
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.