JK Paper Ltd to consider conversion of FCCBs

A Meeting of the Committee of Directors of JK Paper Ltd will be held on Tuesday, 14th November 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) of Euro 2.4 million 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.125.8 as compared to the previous close of Rs. 121.05. The total number of shares traded during the day was 203059 in over 1858 trades.

The stock hit an intraday high of Rs. 125.95 and intraday low of 120. The net turnover during the day was Rs. 25030385.

Source : Equity Bulls

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