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Provider: Thomson Reuters Stock Report
Provider: Reuters Investment Profile
Provider: Motilal Oswal Securities Ltd.

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Jindal Steel And Power Ltd Makes Bid To Acquire Gujarat NRE Coke Ltd's Gujarat NRE Coking Coal Ltd -The Economic Times

Wednesday, 30 Jan 2013 08:29pm EST 

The Economic Times reported that Jindal Steel And Power Ltd made an all-cash AUD221.61 million (about INR1,200 crore(INR12 Billion)) offer to buy out Gujarat NRE Coking Coal Ltd, the Australian subsidiary of Kolkata-based Gujarat NRE Coke Ltd. The AUD0.20 per share offer represents a premium of 5%over the closing share price on January 29, 2012 at the Australian Securities Exchange (ASX). JSPL, already a minority shareholder in Gujarat NRE Coking Coal, in a filing to ASX said it is making the unconditional offer to all shareholders of the company via on-market bid. 

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-9.7 -4.44%
3:30am EDT