Metallurgical coke maker Gujarat NRE Coke Ltd said on Monday that it will raise up to Rs 1,000 crore through institutional placement. An official quoted that the company would raise funds up to Rs 1,000 crore through the issue of non-convertible debentures (NCD) with warrants on qualified institutional placement basis.
However, the terms and conditions of the said NCD issuance would be decided by the board of directors and would be subject to the shareholders' approval.