JK Paper Ltd approves allotment of 74,28,240 Equity Shares upon conversion of FCCBs

Consequent upon the conversion of Foreign Currency Convertible Bonds (FCCBs) (Series 2), in terms of the Subscription Agreements dated April 14, 2011 (as amended) amongst JK Paper Ltd and the holders of such FCCBs, pursuant to receipt of notices for conversion of FCCBs (Series 2) from holders of such FCCBs, the Committee of Directors of the Company at its Meeting held on December 07, 2016, has allotted 74,28,240 Equity Shares of Rs.10/- each of the Company to the holders of such FCCBs.

Shares of JK PAPER LTD. was last trading in BSE at Rs.89.4 as compared to the previous close of Rs. 89.8. The total number of shares traded during the day was 95645 in over 714 trades.

The stock hit an intraday high of Rs. 90.8 and intraday low of 87.4. The net turnover during the day was Rs. 8538024.

Source : Equity Bulls

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