The Great Eastern Shipping Co. Ltd. to raise Rs. 150 crore

The Debenture Issue Committee of The Great Eastern Shipping Company Ltd. at its meeting held today has approved the issue of 1500 Secured Non-Convertible Debentures of Rs. 10 lac each aggregating to Rs. 150 crore by way of private placement.

The security is proposed to be listed on National Stock Exchange of India Limited (WDM segment).

Credit Analysis & Research Ltd. and Brickwork Ratings India Private Limited have assigned "CARE AA+" (Outlook: Stable) rating and "BWR AAA" (Outlook: Stable) rating respectively.

The Coupon/interest offered is 8.05% p.a.

Shares of GREAT EASTERN SHIPPING CO.LTD. was last trading in BSE at Rs.227.9 as compared to the previous close of Rs. 224.55. The total number of shares traded during the day was 8523 in over 503 trades.

The stock hit an intraday high of Rs. 229.45 and intraday low of 222.75. The net turnover during the day was Rs. 1933158.

Source : Equity Bulls

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