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Board of J K Cement decides to raise long term funds up to Rs 300 crore

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Capital Market
Last Updated : Jun 14 2014 | 12:00 AM IST

At meeting held on 10 June 2014

J K Cement announced that the Board of Directors of the Company at its meeting held on 10 June 2014, has decided to raise long term funds by way of issue of Securities and/or Non Convertible Debentures with warrants on Preferential Allotment basis, Qualified Institutional Placement (QIP) basis or such other form as may be permissible under law for an amount upto Rs 300 crore with a green shoe option subject to shareholders' approval sought in the ensuing Annual General Meeting of the Company convened on 26 July 2014.

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First Published: Jun 13 2014 | 3:59 PM IST

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