Gujarat NRE Coke allots 4550000 Equity Shares

Gujarat NRE Coke Ltd has announced that the Committee of the Board of Directors of the Company at its meeting held on September 19, 2010 has allotted 45,50,000 Equity Shares of Rs. 10/- each at a premium of Rs. 55.78 per share and 4,55,000 "B" Equity Shares of Rs. 10/- each (towards bonus) pursuant to Conversion Notice(s) received from Promoter/Promoter Group Company(ies) for conversion of 45,50,000 warrants.

Consequently, the Paid-up Capital of the Company has increased from Rs. 552,85,22,210/- to Rs. 557,85,72,210 comprising of 50,71,42,929 Equity Shares of Rs. 10/- each and 5,07,14,292 "B" Equity Shares of Rs. 10/- each.

The stock was trading at Rs.64.20, down by Rs.0.35 or 0.54%. The stock hit an intraday high of Rs.65.45 and low of Rs.63.90.

The total traded quantity was 1.27 lakhs compared to 2 week average of 9.85 lakhs.

Source : Equity Bulls

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