Shipping Corporation of India files DRHP with SEBI

Shipping Corporation of India Ltd has announced that the Company has filed Draft Red Herring Prospectus (DRHP) with SEBI on October 12, 2010, in connection with the Follow-on Public Offer of the Company comprising of a fresh issue of 42,345,365 equity shares by the Company and an offer for sale of 42,345,365 equity shares by the President of India, acting through the Ministry of Shipping, Government of India.

The stock closed the day at Rs.187.70, up by Rs.3.30 or 1.79%. The stock hit an intraday high of Rs.189.50 and low of Rs.179.10.

The total traded quantity was 3.66 lakhs compared to 2 week average of 5.74 lakhs.

Source : Equity Bulls

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