Announced Tue, 14 Jul · 18:43 IST
SEAMEC board approves sale of vessel SEAMEC GALLANT for USD 9.5 million
Strategic Transactions View source PDF
SEAMECLTD · price
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Price reaction · full curve 14 horizons · vs prior close
+0.3%1-day move
₹1421.10
prior close
₹1445.00
base price
After-mkt
timing
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+1.3+2.4+2.8+2.4+0.3-3.4-3.9-3.7-3.4-2.0————
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AI summary
SEAMEC Limited board approved the sale of vessel SEAMEC GALLANT, owned by wholly owned subsidiary SEAMEC International FZE, to M/s Bo Yuan Han Limited, Hong Kong for a gross consideration of USD 9.5 million. The sale is subject to shareholder approval by special resolution at the upcoming AGM.
Likely market impact
Disposal of an operating vessel pending shareholder nod; adds about USD 9.5M cash but shrinks fleet capacity.