The Great Eastern Shipping Company Ltd enters into loan agreement with Greatship India Ltd

The Great Eastern Shipping Company Limited has entered into a loan agreement with Greatship (India) Limited, a wholly owned subsidiary of the Company for granting a term loan of Rs. 425 crores.

The agreement is for the purpose of granting an inter-corporate loan to GIL for prepayment of its existing External Commercial Borrowing facility (current outstanding USD 70.9 Mn)

Shares of The Great Eastern Shipping Company Limited was last trading in BSE at Rs. 1048.05 as compared to the previous close of Rs. 1058.00. The total number of shares traded during the day was 36785 in over 2600 trades.

The stock hit an intraday high of Rs. 1063.00 and intraday low of 1038.55. The net turnover during the day was Rs. 38643016.00.

Source : Equity Bulls

Keywords

TheGreatEasternShippingCompany INE017A01032 GEShipping LoanAgreement GreatshipIndia