India’s Great Eastern Shipping is lining up a securities sale worth INR 4bn ($60m).
The potential deal could be rubber-stamped at a meeting on 7 November.
The debt will be unsecured and non-convertible, it said. It will be sold through a private placement.
The Mumbai-based owner has been on a buying spree recently.
It emerged last month as the buyer of a seven-year-old supramax bulker sold by Isle of Man-based owner LT Ugland.
That
