Gujarat NRE Coke allots "B" Equity Shares (DVR Shares) as Bonus in the ratio of 1:10

Gujarat NRE Coke Ltd has announced that the Committee of the Board of Directors of the Company at its meeting held on May 10, 2010 has issued and allotted 4,98,19,421 "B" Equity Shares of Rs. 10/- each pursuant to bonus issue in the ratio of 1 (one) "B" Equity Share of Rs. 10/- each (shares with differential voting rights) for every 10 (ten) Equity Shares held by the shareholders of the Company as on the record date i.e. May 07, 2010.

Consequently, the Paid-up Capital of the Company has increased from Rs. 498,19,42,150/- (comprising of 49,81,94,215 Equity Shares of Rs. 10/- each) to Rs. 548,01,36,360/- (comprising of 49,81,94,215 Equity Shares of Rs. 10/- each and 4,98,19,421 "B" Equity Shares of Rs. 10/- each).

The stock was trading at Rs.77.75, down by Rs.1.20 or 1.52%. The stock hit an intraday high of Rs.80 and low of Rs.77.50.

The total traded quantity was 300962 compared to 2 week average of 1304312.

Source : Equity Bulls

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