Gujarat NRE Coke allots NCDs worth Rs 50 crores

Gujarat NRE Coke Ltd has announced that the Board of Directors of the Company at its meeting held on May 30, 2009, inter alia, has allotted 400 - 12.5% Secured Redeemable Non-convertible Debentures of Rs 10,00,000/- each totaling Rs 40,00,00,000/- (Rupees Forty crores only) to Corporation Bank and has also allotted 100 - 12.5% Secured Redeemable Non-convertible Debentures of Rs 10,00,000/- each totaling Rs 10,00,00,000/- (Rupees Ten crores only) to State Bank of Hyderabad.

The stock was trading at Rs.46.25, up by Rs.3.50 or 8.19%. The stock hit an intraday high of Rs.46.70 and low of Rs.43.15.

The total traded quantity was 2628158 compared to 2 week average of 3127733.

Source : Equity Bulls

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