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Gujarat NRE recommends bonus issue

Gujarat NRE Coke Ltd has informed the BSE that the board of directors of the company at its meeting held on September 19 has decided to issue "B" Equity Shares of Rs. 10 each (shares with differential voting rights) carrying lower voting rights i.e. 1 voting right carried by every 100 "B" Equity Shares as compared to 1 voting right carried by each equity share of the company as bonus shares in the ratio of 1"B" equity share of Rs. 10 each for every ten existing equity shares of Rs. 10 each of the company on a record date to be fixed by the Board subject to the approval of the shareholders.

The company informed the BSE that a meeting of the Board of Directors of the company will be held on September 24 to consider issue of Securities (including Foreign Currency Convertible Bonds) for an amount not exceeding $60 million (Rs. 300 crore) also to issue 2.50 crore convertible warrants to promoters /promoter group companies.
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