The board of Chambal Fertilisers and Chemicals Ltd has provided its approval for the sale of one of its ships to Liberian company Railto Navigation for Rs USD 24.5 million (approximately Rs 157 crore).

The company has said in a BSE filing that the sale of the ship ‘Ratna Shalini’ has been expected to be completed by July 15.

It added that the book value of the ship was Rs 194.04 crore as on March 31, 2017.

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