Gujarat NRE allots 500224 Equity Shares

Gujarat NRE Coke Ltd has announced that the Committee of the Board of Directors of the Company at its meeting held on June 10, 2009, has issued and allotted 5,00,224 Equity Shares of Rs 10/- each at a premium of Rs 34.64 per share pursuant to Conversion Notice(s) received from the holder(s) of (FCCBs) for conversion of FCCBs of US$ 5,00,000.

Consequently, the Paid-up Capital of the Company has increased from 47,19,19,538 Equity Shares of Rs 10/- each to 47,24,19,762 Equity Shares of Rs 10/- each.

The stock was trading at Rs.54, down by Rs.0.25 or 0.46%. The stock hit an intraday high of Rs.55.20 and low of Rs.51.85.

The total traded quantity was 1620599 compared to 2 week average of 3642098.

Source : Equity Bulls

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