Gujarat NRE Coke Ltd allots 6 crore shares

The Management Committee of Gujarat NRE Coke Ltd at its meeting held on December 16, 2015 has allotted 6,00,00,000 equity shares of Rs. 10/- each to Promoter Group entities at Rs. 10.72 per equity share (including a premium of Rs. 0.72 per equity share) on conversion of warrants as per the application received from promoter group entities for conversion.

Consequently, the paid-up capital of the Company has increased from Rs. 743,65,00,490 to Rs. 803,65,00,490 comprising of 75,11,62,039 Equity Shares of Rs. 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.2.75 as compared to the previous close of Rs. 2.83. The total number of shares traded during the day was 429400 in over 421 trades.

The stock hit an intraday high of Rs. 2.82 and intraday low of 2.72. The net turnover during the day was Rs. 1184149.

Source : Equity Bulls

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