NEW DELHI, Apr 1:Seaborne logistics firm Seven Islands Shipping has received markets regulator Sebi's go-ahead to raise Rs 600 crore through an initial
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Seven Islands Shipping gets Sebi s nod to raise Rs 600 crore through IPO
Seaborne logistics firm Seven Islands Shipping has received markets regulator Sebi s go-ahead to raise Rs 600 crore through an initial share-sale. The public issue comprises a fundraise via fresh issue amounting to Rs 400 crore, and an offer for sale aggregating up to Rs 200 crore, according to draft red herring prospectus filed with Sebi.
Under the offer for sale, up to Rs 100 crore will be raised by FIH Mauritius Investment, up to Rs 85.64 crore by Thomas Wilfred Pinto, and up to Rs 14.35 crore by Leena Metylda Pinto.
Seaborne logistics company, which filed preliminary papers with Sebi in February, obtained its observation on March 22, latest update with the Securities and Exchange Board of India (Sebi) showed.
Seven Islands Shipping IPO: Seven Islands Shipping gets Sebi s go ahead to Rs 600 crore IPO indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Seven Islands Shipping Weighs Entry Into Gas And Container Shipping
Seven Islands Shipping Ltd (SISL) is weighing a potential entry into gas carriers and container ship segments, buoyed by the surge in freight rates.
SISL is India’s second biggest private oil tanker shipping company backed by Indian born Canadian businessman Prem Watsa-led Fairfax.
“Until now, SISL had only owned and operated tankers that transported liquid cargo. But, based on the current ship prices and charter rates, it sees potential for better growth from gas carrier and containers. They are in the process of assessing this opportunity in greater detail,” Prem Watsa, Chairman, Fairfax India Holdings Corporation, told shareholders in a March 5 letter.
Seven Islands Shipping weighs entry into gas and container shipping thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.