Gujarat NRE Coke to consider NCD issue on Feb 07, 2009

Gujarat NRE Coke Ltd has announced that a meeting of the Board of Directors of the Company will be held on February 07, 2009, inter alia, to decide on the issue of Secured Redeemable Non-convertible Debentures with warrants under Qualified Institutions Placement (QIP) for an aggregate amount not exceeding Rs 1000 crores subject to the approval of shareholders.

The stock closed the day at Rs.23.80, up by Rs.0.20 or 0.85%. The stock hit an intraday high of Rs.24.25 and low of Rs.22.80.

The total traded quantity was 670516 compared to 2 week average of 862013.

Source : Equity Bulls

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