JK Lakshmi Cement Ltd to rasie Rs. 500 crores through NCD issue

The Board of Directors of JK Lakshmi Cement Ltd at its meeting held on December 17, 2016, has taken note of the Shareholders approval through Postal Ballot under Sections 42 and 71 of the Companies Act 2013 to issue NCDs of upto Rs. 500 Crore in one or more tranches/series on private placement basis to eligible investors. The Directors also appointed IDBI Trusteeship Services Ltd., as Debenture Trustee and MCS Share Transfer Agent Ltd. as Registrar (RTA) for the proposed issue of NCDs of upto Rs. 300 Crore on private placement basis. Detailed terms & conditions of issue of said NCDs will be informed to the Stock Exchange.

Shares of JK LAKSHMI CEMENT LTD. was last trading in BSE at Rs.340.2 as compared to the previous close of Rs. 353.5. The total number of shares traded during the day was 6483 in over 283 trades.

The stock hit an intraday high of Rs. 354 and intraday low of 335.6. The net turnover during the day was Rs. 2236557.

Source : Equity Bulls

Keywords