India's Great Eastern Shipping is mulling a big securities offering after posting a loss in its fourth quarter.
The board has approved a non-convertible debenture issue worth INR 10bn ($132.5bn) this year.
These can be sold at any time through private placements. It did not specify a use for the money.
Chairman KM Sheth said: "The group has adequate resources including liquid investments and cash and cash equivalents to meet its financial obligations for the foreseeable future."
