Gujarat NRE Coke Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 10, 2016, inter alia, has :Pursuant to the approval of shareholders and bondholders, approved to reset the conversion price of 5.50% Foreign Currency Convertible Bonds (FCCBs) issued in 2012 from Rs. 22.50 per equity share to Rs. 12/- per equity share, subject to approval of other regulatory authorities.