06 Dec 2019 | 4:32 AM

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GOL Offshore jumps over 5% on plan to leverage unencumbered assets to repay FCCBs
  GOL Offshore Ltd. | 17 Jul 2017 | 10:45 AM
Published on 04-17-2013
Shares of GOL Offshore formerly Great Offshore spurted over 5 per cent in early trade on Bombay Stock Exchange (BSE) after the company said it is trying to leverage its unencumbered assets to raise funds and repay the FCCB and work out an amicable solution.

The debt-ridden company has defaulted on the repayment of its foreign loans worth Rs 200 crore after bondholders rejected an extension sought by the company.

Riding high on hopes to find solution regarding the repayment of the dues shares of company gained as much as 5.23 per cent to trade at Rs 68.40 a piece on the BSE.

In a similar fashion shares of the company were quoting at Rs 67.70 a piece up 3.99 per cent on the National Stock Exchange (NSE).

Meanwhile the broader benchmark Sensex was quoting at 18769.68 up 24.75 points or 0.13 per cent at 10:20 hours.