Gujarat NRE Coke Ltd approves allotment of 2.50 crore warrants

The Management Committee of the Board of Directors of Gujarat NRE Coke Ltd at its meeting held on October 13, 2014, has considered and approved the allotment of 2,50,00,000 warrants of Rs. 10 each at a premium of Rs. 2.00 per equity share to promoter group entities in accordance with the resolution passed by the shareholders at the 27th Annual General Meeting of the Company.

Shares of Gujarat NRE Coke Ltd was last trading in BSE at Rs.3.9 as compared to the previous close of Rs. 4.01. The total number of shares traded during the day was 19049 in over 45 trades.

The stock hit an intraday high of Rs. 4.05 and intraday low of 3.73. The net turnover during the day was Rs. 76181.

Source : Equity Bulls

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