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GE Shipping raises up to Rs 300 cr via NCDs

Press Trust of India  |  New Delhi 

today said that it has raised up to Rs 300 crore via allotment of non-convertible debentures (NCDs).

"The 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 of crude oil, petroleum products, gas and dry bulk commodities.

The to companies in carrying out offshore exploration and production activities, through its subsidiary Greatship (India) Ltd.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, April 12 2018. 16:40 IST