General Announcement::General Announcement

Issuer & Securities

Issuer/ Manager
MERCATOR LIMITED
Securities
MERCATOR US$16M4.75%CB190527 - XS1072432161 - 3R0B
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
29-Nov-2019 23:14:59
Status
New
Announcement Sub Title
General Announcement
Announcement Reference
SG191129OTHRRK59
Submitted By (Co./ Ind. Name)
Rajendra Kothari
Designation
CFO
Effective Date and Time of the event
29/11/2019 17:00:00
Description (Please provide a detailed description of the event in the box below)
Pursuant to the order of arrest of Dredger Uma Prem on September 11, 2019 by Angre Port Pvt Ltd ( Port ), the Company was in receipt of Notice of Motion w.r.t. Dredger Uma Prem filed by Port for directions from Hon ble Bombay High Court to sell the said vessel on September 19, 2019.

The Hon ble Bombay High Court has confirmed the Sale of Dregder Uma Prem yesterday i.e. November 28, 2019, to the highest bidder for Rs.2.70 crores through Court conducted Auction/Sale.

This is for your information.

Attachments

SGX.pdf
Total size =151K