Shipping Corporation of India files RHP with SEBI for FPO

Shipping Corporation of India Ltd has announced that the Company has filed Red Herring Prospectus (RHP) with SEBI on November 15, 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 was trading at Rs.167, down by Rs.4.40 or 2.57%. The stock hit an intraday high of Rs.172 and low of Rs.166.30.

The total traded quantity was 0.61 lakhs compared to 2 week average of 0.86 lakhs.

Source : Equity Bulls

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