Essar Shipping touches roof on getting nod to raise Rs 400 crore through NCDs
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Essar Shipping is currently trading at its upper limit of Rs. 15.23, up by 0.72 points or 4.96% from its previous closing of Rs. 14.51 on the BSE.
The scrip opened at Rs. 15.23 and has touched a high and low of Rs. 15.23 and Rs. 15.23 respectively. So far 70678 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 15.23 on 28-Aug-2023 and a 52 week low of Rs. 6.95 on 26-Aug-2022.
Last one week high and low of the scrip stood at Rs. 15.23 and Rs. 12.41 respectively. The current market cap of the company is Rs. 315.22 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 has received approval for Issue Upto 4,00,00,000 1% Non-Convertible Debentures (NCDs) of face value of Rs 100 each aggregating to Rs 400 crore, in one or more tranches, subject to the approval of shareholders and in accordance with the provisions of the Securities and Exchange Board of India and the Companies Act, 2013. The Board of Directors of the company at its meeting held on, August 25, 2023, has approved 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.
