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Great Eastern Shipping plans to raise 500 crore through NCD

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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