Mercator Ltd has sold its Floating Storage and Offloading Unit (FSO) Ship - Prem Pride, built 1999, for a total consideration of Rs. 49.54 Crore and the proceeds of which is used to reduce the debt of the company. The deal was concluded on January 16, 2020.
The buyer does not belong to Promoter/ Promoter Group Companies.
The aforesaid transaction does not fall within the definition of related party transactions.
Shares of MERCATOR LTD. was last trading in BSE at Rs.0.77 as compared to the previous close of Rs. 0.77. The total number of shares traded during the day was 388862 in over 99 trades.
The stock hit an intraday high of Rs. 0.8 and intraday low of 0.75. The net turnover during the day was Rs. 300338.