JK Cement Ltd to raise long term funds

The Board of Directors of JK Cement Ltd at its meeting held on May 23, 2015, has decided to raise long term funds by way of issue of Securities and/or Non Convertible Debentures with warrants on Preferential Allotment basis, Qualified Institutional Placement (QIP) basis or such other form as may be permissible under law for an amount upto Rs. 300 Crores with a green shoe option subject to shareholders' approval sought in the ensuing Twenty First Annual General Meeting of the Company convened on August 01, 2015.

Shares of J.K.CEMENT LTD. was last trading in BSE at Rs.606.6 as compared to the previous close of Rs. 604.85. The total number of shares traded during the day was 1046 in over 109 trades.

The stock hit an intraday high of Rs. 610.95 and intraday low of 598.75. The net turnover during the day was Rs. 631317.

Source : Equity Bulls

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