India's Great Eastern Shipping is planning to raise another INR 10bn ($150m) through a securities sale.
The board will decide on the issue at a meeting on 4 May.
The non-convertible debentures will be placed privately during the year.
This follows the successful sale of INR 3bn ($45.95m) of such securities earlier this month.
That debt carried 8.85% interest.
The owner has been splashing its cash on second-hand vessels in recent weeks.
It said in March it had agreed to acquire an LPG vessel of about 36,567 cbm built in 1996.
