JK Lakshmi Cement Ltd to raise upto Rs. 500 crores

The Board of JK Lakshmi Cement Ltd at its meeting held on October 26, 2016 between 2.00 p.m. and 4.30 p.m., has considered and approved issue of Non-Convertible Debentures of upto Rs. 500 crores, in one or more tranches from time to time, on private placement basis, subject to requisite approval of the Shareholders pursuant to Sections 42, 71 and other applicable provisions of the Companies Act 2013, by means of Postal Ballot.

Shares of JK LAKSHMI CEMENT LTD. was last trading in BSE at Rs.486.45 as compared to the previous close of Rs. 501.7. The total number of shares traded during the day was 79817 in over 332 trades.

The stock hit an intraday high of Rs. 501.4 and intraday low of 485. The net turnover during the day was Rs. 39123278.

Source : Equity Bulls

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