Great Eastern Shipping Company plans to raise up to Rs 500 crore via issuance of non-convertible debentures on private placement basis.
"A meeting of the Debenture Issue Committee is scheduled to be held on January 16, to consider the issue of unsecured non-convertible debentures up to an amount not exceeding Rs 500 crore by way of private placement," Great Eastern Shipping Company Ltd said in a filing to BSE.
The company has two main businesses --shipping and offshore.
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