ALSO READGreat Eastern Shipping Company to convene board meeting Maersk profit miss, outlook put shipping shift in spotlight Oil India gains after entering into agreement Great Eastern Shipping Company standalone net profit declines 68.00% in the December 2017 quarter Great Eastern Shipping Company consolidated net profit declines 61.52% in the December 2017 quarter
"The debenture issue committee has, at its meeting held today, allotted 8.85 per cent 3,000 secured non convertible debentures of face value of Rs 10 lakh each aggregating to Rs 300 crore," the company said in a filing to BSE.
The company has two main business-shipping and offshore. The shipping business is involved in transportation of crude oil, petroleum products, gas and dry bulk commodities.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)