Monday, 11 November 2013

GE Shipping gains on getting nod to increase FII limit to 33%

Great Eastern Shipping Company (GE Shipping) has received an approval for increasing the limit of shareholding by Foreign Institutional Investors (FII) under the Portfolio investment Scheme from 24% up to 33% of the paid-up equity share capital of the company, subject to approval of the members of the company. The board of directors at its meeting held on November 08, 2013 has approved for the same.

Great Eastern Shipping Company is India’s largest private sector shipping company. The company’s major businesses include shipping and offshore.

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