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Gujarat NRE Coke Ltd has informed the BSE that its board approved on Monday issue of “securities (including FCCBs) for an amount not exceeding $100 million or Rs 550 crore, whichever is higher”.
It also decided to make “further investment(s)/ loan(s) and/or give guarantee(s)/ security(ies)” up to $375 million or Rs 2,050 crore, whichever is higher.
The company would go in for a postal ballot seeking shareholders’ nod on the issues, the company’s filing said.
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