At meeting held on 10 December 2016
Gujarat NRE Coke announced that the Board of Directors of the Company at its meeting held on 10 December 2016, inter alia, has :Pursuant to the approval of shareholders and bondholders, approved to reset the conversion price of 5.50% Foreign Currency Convertible Bonds (FCCBs) issued in 2012 from Rs. 22.50 per equity share to Rs. 12/- per equity share, subject to approval of other regulatory authorities.
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