Essar Shipping shines on planning to raise funds
Essar Shipping is currently trading at Rs. 13.17, up by 0.62 points or 4.94% from its previous closing of Rs. 12.55 on the BSE.
The scrip opened at Rs. 12.60 and has touched a high and low of Rs. 13.17 and Rs. 12.60 respectively. So far 192878 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 14.49 on 16-Jun-2023 and a 52 week low of Rs. 6.75 on 25-Aug-2022.
Last one week high and low of the scrip stood at Rs. 13.40 and Rs. 11.27 respectively. The current market cap of the company is Rs. 272.59 crore.
The promoters holding in the company stood at 74.37%, while Institutions and Non-Institutions held 0.03% and 25.60% respectively.
Essar Shipping is planning to raise funds by way of issue of one or more instruments including convertible or Non-Convertible securities of any description or warrants or debt securities, through preferential issue, private placements or any other methods or combination thereof as may be permitted under applicable laws, subject to such regulatory/statutory approvals as may be required, including the approval of the shareholders of the Company. The meeting of the Board of Directors of the Company is scheduled on August 25, 2023 inter alia, to consider and approve the same.
Essar Shipping is a part of Essar Group. The company is in to business of shipping and logistics with a focus on transportation solutions for the global energy business.
