Greatship India files DRHP with SEBI

Great Eastern Shipping Company Ltd has announced that Greatship (India) Ltd. ("Greatship"), a subsidiary of the Company, is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its equity shares and has filed a draft red herring prospectus with the Securities and Exchange Board of India on May 12, 2010.

The Great Eastern Shipping Company stock was trading at Rs.313.55, up by Rs.14.90 or 4.99%. The stock hit an intraday high of Rs.314.60 and low of Rs.302.

The total traded quantity was 187617 compared to 2 week average of 75100.

Source : Equity Bulls

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