Gujarat NRE Coke is planning to raise up to $20 million through issuance of Foreign Currency Convertible Bonds (FCCBs). The company will launch on October 23, 2012 an issue of $15 million direct, unsubordinated, unconditional (subject to the conditions of the negative pledge) and unsecured convertible bonds subject to an over allocation of $5 million, convertible into ordinary, equity shares of the company quoted in Indian rupees.
Accordingly, the issue will be launched by the First International Group Plc, lead manager and book runner for the issue. The floor price for the conversion of the bonds will be determined in accordance with the pricing formula as prescribed by the Ministry of Finance, Government of India.
Gujarat NRE Coke is the only Indian company with coking coal mines in Australia having over 650 million tones of Coking Coal resources with excellent coking properties. The coal mines are owned through its subsidiary- Gujarat NRE Coking Coal, listed on the ASX.
| Company Name | CMP |
|---|---|
| Petronet LNG | 277.65 |
| Bharat Coking Coal | 36.14 |
| Linde India | 7075.45 |
| Refex Industries | 256.80 |
| IRM Energy | 210.85 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: