General Announcement::Sale of Vessel

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
09-Oct-2017 19:56:49
Status
New
Announcement Sub Title
Sale of Vessel
Announcement Reference
SG171009OTHRO53O
Submitted By (Co./ Ind. Name)
Suhas Pawar
Designation
Company Secretary
Effective Date and Time of the event
09/10/2017 17:00:00
Description (Please provide a detailed description of the event in the box below)
The Company has sold its vessel Prem Poorva for total consideration of Rs.24.70 Crore to M/s. Natalia Shipping Limited and proceeds would be used to repay the debts. The deal was concluded today.
The buyer does not belong to promoter/ promoters group/ group companies.
The aforesaid transaction does not fall within the definition of related party transactions and not a material related party transaction.

Attachments

SOV SGX.pdf
Total size =35K