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Never miss a great news story! Get instant notifications from Economic Times Allow Not now. Guj NRE Coke.

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Gujarat NRE Coke chairman Arun Kumar Jagatramka seeks approval of shareholders for the new scheme to repay around 2, crore through convertible bonds over a year period. Kolkata: After failed attempts to liquidate Gujarat NRE Coke Ltd, Arun Kumar Jagatramka, promoter and chairman of the delinquent metallurgical coke-maker, is seeking a year lifeline to turn profitable. Jagatramka has sought the approval of shareholders for the new scheme.

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Ownership structure of a company has been found to affect share performance over time. With an institutional ownership of Another important group of shareholders are company insiders.

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The back-to-back meetings of shareholders, foreign currency bond holders, secured and unsecured creditors were called according to an order of the NCLT bench of Calcutta. A May 15 order had allowed Jagatramka to try out a revival plan under the provisions of sections to of the Companies Act, The scheme would have been effective if all stakeholders had approved it with a three-fourth majority 75 per cent.

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Mn Its today's share price is 0. Its current market capitalisation stands at Rs

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Yes No. You will shortly receive a call from your relationship manager about Hisar Metal Industries. Sellers Offer Qty Offer Price 4 0. Market Data Market Capital Cr.

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Stock Report in PDF now. It operates in the Mining sector, with a market capitalization of INR Market Cap — Rs.

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A stay order just a day ahead of the meet of the lenders and shareholders of Gujarat NRE Coke Ltd cast a shadow on the future of the debt-laden firm which found no takers under the IBC. The beleaguered metallurgical coke producer owes about Rs 5, crore to secured and unsecured creditors while the liquidation value of the company was put at Rs crore. According to a proposal of the promoter family of Jagatramka has promised to repay Rs 3, crore of secured financial creditors through a mix of long term debt and equity reducing the company's equity shares by 90 per cent and paying part of FCCB holders and unsecured creditors as settlement. News Wrap Get Handpicked Stories from our editors directly to your mailbox.

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