Gujarat NRE Coke allots 40 lakh shares to Bennett Coleman & Co

Gujarat NRE Coke Ltd has announced that the Management Committee at its meeting held on October 01, 2009, inter alia, has considered and allotted 40,00,000 Equity Shares of Rs. 10 each at a price of Rs. 50 per share on conversion of 40,00,000 Convertible Warrants issued on Private Placement / Preferential basis to M/s. Bennett Coleman & Co. Ltd., consequent upon the notice received for conversion of these warrants.

The total paid up capital consequently, stands augmented to 48,09,21,778 Equity Shares of Rs. 10 each totaling Rs. 480,92,17,780/-.

The stock was trading at Rs.67.15, up by Rs.0.95 or 1.44%. The stock hit an intraday high of Rs.67.90 and low of Rs.65.60.

The total traded quantity was 803642 compared to 2 week average of 2200646.

Source : Equity Bulls

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