Mercator Lines plans to raise $150 via coal unit IPO

MUMBAI: Shares of Mercator Lines moved higher after reports that the company is planning to raise $150 million via IPO sale of coal mining unit. The company is planning to appoint investment bankers for the IPO.

The stock was at Rs 39.45, up 4.78 per cent on the NSE. It touched a high of Rs 39.90 and low of Rs 38.05 in trade so far.