Canadian billionaire Prem Watsa-led Fairfax-backed Seven Islands Shipping Ltd has filed draft red herring prospectus with SEBI to sell shares in an initial public offering to raise as much as ₹600 crore to fund a fleet expansion plan. Seven Islands, India’s third biggest ocean carrier by capacity, was founded in 2003 by Captain Thomas Wilfred …
The post Fairfax-backed Seven Islands Shipping files DRHP for ₹600 crore IPO first appeared on Hellenic Shipping News Worldwide.
Author: Capt. John