Mercator on Thursday said its step-down subsidiary Mercator Offshore Pte has concluded the sale of its floating production unit. The proceeds will be used towards repayment of high-cost debt and for other operational purposes. Shares of Mercator were down 2.30 per cent at ₹47.65 on the NSE.
Mercator arm concludes sale of floating production unit.
Published on
February 23, 2017 15:57
Tags