GE Shipping to invest Rs.250 Crores in Greatship India Ltd

Great Eastern Shipping Company Ltd (GE Shipping) has announced that the Board of Directors of the Company at its meeting held October 27, 2006 has also approved subscribing to the equity of the Company’s wholly owned subsidiary viz., Greatship (India) Ltd to the extent of Rs 250 crores.

The aforesaid funds will be utilised by Greatship financing its assets acquisition programme.

Source : Equity Bulls

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