|
Gujarat NRE Coke approves issuance of 5 crore warrants
Tuesday May 15, 2012 09:25:22 AM,
IANS
|
|
|
|
|
Kolkata: Gujarat NRE
Coke ltd, the largest independent coke producer in India, Monday
said its board has approved the plan to issue five crore warrants
to promoters on preferential basis and raising capital of up to
$150 million by issuing securities.
"The board of directors of the company at its meeting held on May
13, 2012, inter alia, decided to issue securities (including
Foreign Currency Convertible Bonds) in one or more tranches, for
an amount not exceeding $150 million or Rs.750 crore, whichever is
higher subject to the approval of shareholders," the company said
in a regulatory filing.
The board of the company has also approved providing a guarantee
of upto Australian $100 million (about Rs.5 billion) to its
Australian subsidiary, Gujarat NRE Coking Coal.
The guarantee is proposed to be provided to the Australian
subsidiary for borrowings to help it avail working capital
facilities.
The company would conduct a postal ballot exercise to secure
shareholders approval for all the announcements.
|
|
Home |
Top of the Page
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Top Stories |
|
Govt. rejects opposition charge against PC
in Aircel-Maxis deal
Dismissing
opposition charges that led to an uproar in Parliament yet again,
the government Monday denied any wrongdoing in granting clearance
to the Rs.4,000 crore
»
Chidambaram invokes Jesus to deny corruption charges
Parliament disrupted over Chidambaram's role in telecom deal
|
|
|
|
Most Read |
|
 Inflation rises to 7.23 percent; food prices
surge
India's inflation moved up to 7.23 percent in April
as compared to 6.89 percent in the previous month, mainly driven
by a sharp increase in the prices of food items, adding to the
woes of policy makers
»
|
|
Nasheed scaring India on Islamic fundamentalism: Waheed
In a bid to
dispel apprehensions about Islamists taking over in the Maldives
due to the current political turmoil there, the Indian Ocean
nation's President Mohamed Waheed Monday said his predecessor
Mohamed
»
India not pushing Maldives to do anything unconstitutional: Waheed |
|
|
|
News Pick |
|
13 Indians die in Nepal air crash
Thirteen
Indians were among the 15 people killed when their 20-seater
aircraft slammed into a cliff in western Nepal Monday, less than
seven months after 10 Indian tourists were killed in an air
accident. Six people miraculously survived the crash.
»
|
|
Lalu to march to Bihar's villages 'to
expose' Nitish
Having stayed
away from the rough and tumble of Bihar politics for more than
one-and-a-half years, Rashtriya Janata Dal (RJD) chief Lalu Prasad
says he will focus on the state to expose the reality behind Chief
Minister
»
|
|
 What will Obama's gay turn cost?
Since Barack Obama "came out of the closet" on the issue of same-sex
marriage, the spotlight has turned not so much on one of the most
contentious social issues, but on the president himself.
»
|
|
|
|
Picture of the Day |
|
 |
|
President
Mrs. Pratibha Devisingh Patil addressing at the function to
mark the 60th anniversary of the first sitting of the
Parliament of India, in Central Hall of Parliament House, in
New Delhi on May 13, 2012. |
|
|
|
|
Comments
|
Quick links