Gujarat NRE Coke Ltd fixes price for warrants issue

The Board of Directors of Gujarat NRE Coke Ltd at its meeting held on September 30, 2014, has fixed the price for issue of 2,50,00,000 convertible warrants at Rs. 12.00 per equity share upon conversion of warrant into one equity share.

Dr. Mahendra Kumar Loyalka, who retires by rotation at 27th Annual General Meeting of the Company, held on September 30, 2014 and did not seek re-appointment, has ceased to be director of the Company effective from that date.

Shares of Gujarat NRE Coke Ltd was last trading in BSE at Rs.3.6 as compared to the previous close of Rs. 3.68. The total number of shares traded during the day was 2271 in over 31 trades.

The stock hit an intraday high of Rs. 3.85 and intraday low of 3.51. The net turnover during the day was Rs. 8474.

Source : Equity Bulls

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