Mercantile & Ports Logistics Ltd - Guernsey-based developer, owner & operator of ports - Raises £9.8 million through placing a subscription of shares. Says in total 101.9 million placing shares have been conditionally placed, and 195.0 million subscription shares have been conditionally subscribed for. The issue price for both the placing and subscription share is 3 pence each. The company said on Thursday that this funding will go towards paying back part of a loan facility entered into between Karanja Terminal & Logstics Pvt Ltd, the company’s Indian subsidiary, and four Indian public sector banks.

Current trading: 3.95, down 7.1%

12-month change: down 80%

Copyright 2023 Alliance News Ltd. All Rights Reserved.