Seamec Ltd to acquire vessel - Subtech Paladin

The Board of Directors of Seamec Ltd had earlier approved proposal to purchase diving support vessel in line with Company line of business. The Company is in process of acquisition of a diving vessel - "Subtech Paladin" from James Fisher Marine Services Limited, London, United Kingdom, at a price of USD 17,300,000 (United States Dollars Seventeen Million Three Hundred Thousand Only).

The remittance is likely be made on June 28, 2021 in accordance with regulatory approvals and the whole transaction is likely to be completed on or before July 15, 2021.

Shares of SEAMEC LTD. was last trading in BSE at Rs.500.9 as compared to the previous close of Rs. 488.6. The total number of shares traded during the day was 1540 in over 134 trades.

The stock hit an intraday high of Rs. 510 and intraday low of 488.5. The net turnover during the day was Rs. 767360.

Source : Equity Bulls

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