"The Debenture Issue Committee has, at its meeting held November 11, 2016, allotted 8.24 per cent 4,000 unsecured non-convertible debentures of face value of Rs 10 lakhs each aggregating to Rs 400 crore in two tranches of Rs 200 crore each," Great Eastern Shipping Company said in a filing to BSE.
GESC has two main businesses -- shipping and offshore. The shipping business is involved in transportation of crude oil, petroleum products, gas and dry bulk commodities.