Coke News
India's Jindal Steel takes 9% stake in Gujarat NRE
MELBOURNE, May 28 (Reuters) - India's Jindal Steel & Power
has agreed to buy a 9 percent stake in Gujarat NRE
Coking Coal for A$25 million ($24 million) and agreed
to buy 5 million tonnes of coal over 10 years from the company's
Australian mines.
Gujarat NRE is selling the shares at A$0.25, a 48 percent
premium to its last trade.
($1 = 1.0235 Australian dollars)
(Reporting by Sonali Paul; Editing
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