Corporate News     21-Mar-18
Mercator to sell vessel for USD 4.25 million
Transaction expected to complete by 06 April 2018
Mercator has entered into a Memorandum of Agreement with Best Oasis, Hong Kong to sell its vessel M. V. Vrinda for a total consideration of USD 4.25 Million. The transaction is expected to be completed by 06 April 2018, subject to necessary approvals. The proceeds of the sale would be used to repay debts of the Company.
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