JK Paper Ltd to consider conversion of FCCBs on Oct 17, 2017

A Meeting of the Committee of Directors of JK Paper Ltd will be held on Tuesday, 17th October 2017, to consider allotment of Equity Shares of the Company consequent to conversion notice received from one of the Foreign Currency Convertible Bonds (FCCBs) Holder, seeking conversion of its FCCBs (Series 4) & FCCBs (Series 5) of Euro 1.7 million each into Equity Shares of the Company, in terms of the Subscription Agreement dated 14th April 2011 (as amended) between our Company and the said FCCB holder.

Shares of JK PAPER LTD. was last trading in BSE at Rs.118.3 as compared to the previous close of Rs. 113.1. The total number of shares traded during the day was 136446 in over 1375 trades.

The stock hit an intraday high of Rs. 118.9 and intraday low of 113.05. The net turnover during the day was Rs. 15909378.

Source : Equity Bulls

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