Great Eastern Shipping Company has announced that the debenture issue committee has provided it’s approval to raise up to Rs 500 crore through issue of non-convertible debentures on a private placement basis.

Great Eastern Shipping has said in a BSE filing that “The Debenture Issue Committee at its meeting, approved the issue of 5,000 Unsecured Non-Convertible Debentures of Rs 10 lakh each aggregating to Rs 500 crore by way of private placement.”

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