Gujarat NRE Coke Ltd approves issue of 33185000 shares to ICICI Bank

The Board of Directors of Gujarat NRE Coke Ltd at its meeting held on January 27, 2016, have approved the proposal to issue upto 3,31,85,000 Equity Shares of Rs. 10/- each to ICICI Bank Ltd against liability towards corporate guarantee and to hold postal ballot exercise for the purpose of seeking approval of shareholders for such issuance.

The Board accepted the resignation of Mr. C. Narasimhan from the post of Director of the Company w.e.f. January 27, 2016.

The Board also accepted the resignation of Mr. P. R. Kannan from the post of CFO of the Company w.e.f. January 07, 2016.

Shares of Gujarat NRE Coke Ltd was last trading in BSE at Rs.2.44 as compared to the previous close of Rs. 2.42. The total number of shares traded during the day was 9361 in over 5 trades.

The stock hit an intraday high of Rs. 2.46 and intraday low of 2.28. The net turnover during the day was Rs. 22900.

Source : Equity Bulls

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