Global Vectra lists at 5% discount

Mumbai: Global Vectra Helicorp, the largest offshore transportation helicopter provider in the country, listed at a discount of 5 per cent to its issue price of Rs 185.
After touching the high of Rs 195, the stock closed at a premium of just 1.3 per cent. The company caters to the Indian oil and gas exploration and production sector, which is witnessing major investments owing to volatile high crude oil prices.
The company has 14 Bell 412 helicopters and is planning to purchase four Bell 412s helicopters and two EC 155 B1 helicopters at Rs 211.96 crore. The company will also build a Rs 8 crore hangar at the Juhu Aerodrome in Mumbai.
28/10/06 Business Standard

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