Tuesday, March 18, 2008

Gujarat NRE - Allotment Of Equity Shares Upon Conversion Of FCCBs

Gujarat NRE Coke Ltd has informed that the Committee of the Board of Directors of theCompany at its meeting held on March 17, 2008, has issued and allotted 18,18,900 EquityShares of Rs 10/- each at a premium of Rs 38.04 per share and 5,00,192 Equity Shares of Rs 10/- each at a premium of Rs 52.50 per share respectively pursuant to Conversion Notice(s) received from the holder(s) of FCCBs for conversion of FCCBs of USD 20,00,000 and USD 7,00,000 respectively.

Consequently, the Paid-up Capital of the Company has increased from 33,14,83,524 Equity Shares of Rs 10/- each to 33,38,02,616 Equity Shares of Rs 10/- each.

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