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Great Eastern Shipping raises Rs 500 cr via NCDs

NEW DELHI, Jan 19:  Great Eastern Shipping Company today said it has raised Rs 500 crore via issuance of non-convertible debentures (NCDs) on private placement basis.

“The Debenture Issue Committee has…Allotted 7.99 per cent 5,000 unsecured non-convertible debentures of face value of Rs 10 lakh each aggregating to Rs 500 crore in two tranches of Rs 250 crore, each,” Great Eastern Shipping said in a BSE filing.

The company has two main businesses — shipping and offshore.



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