Gujarat NRE Coke, leading producer of metallurgical coal (met coke), plans to raise up to Rs1000 crore through sale of non convertible debentures with warrants to the institutions.
The company in a note to Bombay Stock Exchange (BSE) on Monday said that its board is yet to decide the price for the institutional placement.
The company has already raised Rs100 crore through selling secured non convertible redeemable debentures to India’s largest institutional investor Life Insurance Corporation of India, it informed.
