Mercator Lines - Updates

Mercator Lines Ltd has informed BSE that the Company have redeemed 8th installment of 900 11.25% Secured Redeemable NCDs of 5,62,500/- each aggregating to Rs 50.62 crores Series VII-A due on July 30, 2009 out of privately placed debentures.

Accordingly, the outstanding NCDs is now 900 - 11.25% Secured Redeemable NCDs of Rs 5,00,000/- each aggregating to Rs 45,00,00,000/-.