JK Paper Ltd receives conversion Notices from FCCBs Holders

JK Paper Ltd is in receipt of Conversion Notices from Foreign Currency Convertible Bonds (FCCBs) Holders, seeking conversion of their FCCBs (Series 2) aggregating to Euro 65,00,000 into about 74 lakh Equity Shares of Rs. 10/- each of the Company.

Accordingly, the Company, upon completion of requisite procedural formalities, will be holding a meeting of Committee of Directors to allot the said Equity Shares upon conversion of such FCCBs.

Shares of JK PAPER LTD. was last trading in BSE at Rs.78 as compared to the previous close of Rs. 75.85. The total number of shares traded during the day was 71694 in over 675 trades.

The stock hit an intraday high of Rs. 78.55 and intraday low of 75.5. The net turnover during the day was Rs. 5528850.

Source : Equity Bulls

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