Gujarat NRE Coke allots 68208 equity shares upon conversion of FCCBs

Gujarat NRE Coke Ltd has announced that the Committee of the Board of Directors of the Company at its meeting held on June 02, 2008, has issued and allotted 68,208 Equity Shares of Rs 10/- each at a premium of Rs 38.04 per share pursuant to Conversion Notice(s) received from the holder(s) of 1% Unsecured Foreign Currency Convertible Bonds (FCCBs) for conversion of FCCBs of US$ 75,000.

Consequently, the Paid-up Capital of the Company has increased from 33,70,17,176 Equity Shares of Rs 10/- each to 33,70,85,384 Equity Shares of Rs 10/- each.

The stock closed the day at Rs.144.75, down by Rs.2.50 or 1.70%. The stock hit an intraday high of Rs.152.40 and low of Rs.142.25.

The total traded quantity was 1346819 compared to 2 week average of 1947435.

Source : Equity Bulls

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