Gujarat NRE Coke Ltd allots 1177004 shares

The Management Committee of the Board of Directors of Gujarat NRE Coke Ltd at its meeting held on April 08, 2015, has considered and approved the allotment of 11,77,004 equity shares of Rs. 10 each at Rs. 11.01/- (at a premium of Rs. 1.01 per equity share) consequent upon the option exercised by ICICI Bank Ltd to convert its Funded Interest term loan (FITL) into equity shares of the Company under CDR package in accordance with the resolution passed by the shareholders through postal ballot.

Consequently, the paid-up capital of the Company has increased from Rs. 742,47,30,450 to Rs. 743,65,00,490 comprising of 69,11,62,039 Equity Shares of Ks. 10/- each and 5,24,88,010 "B" Equity Shares of Rs. 10/- each.

Shares of Gujarat NRE Coke Ltd was last trading in BSE at Rs.3.04 as compared to the previous close of Rs. 3. The total number of shares traded during the day was 4398 in over 25 trades.

The stock hit an intraday high of Rs. 3.2 and intraday low of 2.81. The net turnover during the day was Rs. 13940.

Source : Equity Bulls

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