Gujarat NRE's subsi to list on ASX
Gujarat NRE Coke said its Australian subsidiary India NRE Minerals will list on the Australian Securities Exchange on July 10.
By INDIATIMES NEWS NETWORK |
MUMBAI – Shares of India NRE Minerals Ltd, a subsidiary of Gujarat NRE Coke Ltd, will list on the Australian Stock Exchange Tuesday.
The company’s public offering of 30 million shares at Australian $0.50 each aggregating A$15 million received 4.3 crore bids at 50 cents each.
India NRE Minerals owns and operates the NRE No I colliery with proven resources of more than 300 million tonne in the southern coalfields of New South Wales.
The majority stake in India NRE Minerals is held by Gujarat NRE Coke, which is the largest merchant producer of low ash metallurgical coke in India.
Gujarat NRE’s other major interests in Australia include petroleum prospecting in the Canning basin and prospecting for gold, iron ore, coal, magnetite and other base metals in Tasmania.
At 1:32pm, the Gujarat NRE Coke share was at Rs 60.10, down 1.80 per cent from Wednesday’s close.
The company’s public offering of 30 million shares at Australian $0.50 each aggregating A$15 million received 4.3 crore bids at 50 cents each.
India NRE Minerals owns and operates the NRE No I colliery with proven resources of more than 300 million tonne in the southern coalfields of New South Wales.
The majority stake in India NRE Minerals is held by Gujarat NRE Coke, which is the largest merchant producer of low ash metallurgical coke in India.
Gujarat NRE’s other major interests in Australia include petroleum prospecting in the Canning basin and prospecting for gold, iron ore, coal, magnetite and other base metals in Tasmania.
At 1:32pm, the Gujarat NRE Coke share was at Rs 60.10, down 1.80 per cent from Wednesday’s close.
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