Mercator Ltd, one of India’s diversified conglomerates with interests in coal, oil and gas, shipping and dredging, is considering dividing its shipping and dredging business into two separate entities.
“On 12th August 2017, the Board of Directors of Mercator initiated a study to explore the possibility of demerger of business via restructuring of Shipping and Dredging business into separate entities which would facilitate value discovery, creation of focus entities with identified business objectives and opportunities to independently augment their growth plans,” the company said.
In this regard, the board has constituted a Special Committee of Directors to consider the matter further.
The company, formerly Mercator Lines, is the second largest private sector shipping company in India, and is based in Mumbai.