Wednesday 1 June 2016

Great Eastern Shipping Company raises fund at Rs.250 crore via NCDs

The Debenture Issue Committee has at its meeting held on June 01, 2016 approved the allotment of 2,500 Unsecured Non-Convertible Debentures of face value of Rs.10 lakhs each aggregating to Rs.250 crore (tranche 2).

GE ShippingGreat Eastern Shipping Company Ltd has informed BSE that the Debenture Issue Committee has at its meeting held on June 01, 2016 approved the allotment of 2,500 Unsecured Non-Convertible Debentures of face value of Rs.10 lakhs each aggregating to Rs.250 crore (tranche 2). The allotment of the first tranche of Rs.250 crore was made on May 09, 2016.

Great Eastern Shipping Company Ltd is currently trading at Rs. 310, up by Rs. 1.15 or 0.37% from its previous closing of Rs. 308.85 on the BSE.

The scrip opened at Rs. 309.8 and has touched a high and low of Rs. 312 and Rs. 309.5 respectively. So far 11463(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 4656.75 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 420 on 10-Nov-2015 and a 52 week low of Rs. 275 on 02-Mar-2016. Last one week high and low of the scrip stood at Rs. 314 and Rs. 307.35 respectively.

The promoters holding in the company stood at 30.42 % while Institutions and Non-Institutions held 42.25 % and 27.02 % respectively.

The stock is currently trading below its 200 DMA.

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