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Gujarat NRE allots warrants to two banks

KOLKATA: Met coke maker Gujarat NRE Coke has allotted debentures totalling Rs. 50 crore to Corporation Bank and State Bank of Hyderabad (SBH). While 400 non-convertible debentures totalling Rs. 40 crore had been allotted to Corporation Bank, similar securities totalling Rs. 10 crore had been issued to SBH. Both the debentures carry a rate of 12.5 per cent. — Special Correspondent

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