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Great Eastern Shipping Company (GESC) has raised Rs 400 crore through issuing non-convertible debentures through the way of private placement.
Great Eastern Shipping Company has said in a filing to BSE that “The Debenture Issue Committee has, at its meeting held November 11, 2016, allotted 8.24 percent 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.”
GESC possesses two main businesses– shipping and offshore.
