GE Shipping rises on getting nod to raise Rs 150 crore through NCDs

27 Oct 2020 Evaluate

The Great Eastern Shipping Company is currently trading at Rs. 230.50, up by 3.00 points or 1.32% from its previous closing of Rs. 227.50 on the BSE.

The scrip opened at Rs. 227.70 and has touched a high and low of Rs. 232.40 and Rs. 227.15 respectively. So far 190 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 369.35 on 17-Jan-2020 and a 52 week low of Rs. 168.95 on 23-Mar-2020.

Last one week high and low of the scrip stood at Rs. 233.90 and Rs. 215.80 respectively. The current market cap of the company is Rs. 3343.49 crore.

The promoters holding in the company stood at 29.49%, while Institutions and Non-Institutions held 44.21% and 26.31% respectively.

Great Eastern Shipping Company (GE Shipping) has received approval from its board of director to raise Rs 150 crore by the issuance of 1500 Secured Non-Convertible Debentures (NCDs) having face value of Rs 10 lakh each on private placement. The board of directors at its meeting held on October 26, 2020 has approved the same.

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

GE Shipping Share Price

1076.15 14.95 (1.41%)
21-Nov-2024 16:59 View Price Chart
Peers
Company Name CMP
Shipping Corpn. 206.40
GE Shipping 1076.15
Dredging Corp 807.30
Seamec 1101.60
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