Shipping Corporation(SCI) FPO
Shipping Corporation of India (SCI) is one of India’s largest shipping companies in terms of Indian flagged tonnage. This is a company owned by the Government of India based in Mumbai that operates and manages vessels that services both national and international lines.
“We propose to issue fresh equity to raise funds for our expansion plans. The details will be worked after obtaining approvals from the board and the Government,” said Mr Hajara, Chairman and Managing Director, SCI.
The Equity Shares would be offered in a price band of Rs.135/- to Rs.140/- per equity share.
It came out with public offer (FPO) of 8,46,90,730 equity shares and a reservation of up to 423,454 equity shares for subscription by eligible employees on November 30, 2010.
The company aims to raise over Rs 1,100 crore through the FPO.
The issue will close for subscription on 3rd December 2010.
For More Details Visit the official website
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