On preferential basis Promoters and Promoter Group
JK Paper announced that the Committee of Directors of the Company at its meeting held on 16 September 2015 has allotted 1,19,10,000 Equity Shares of Rs. 10/- each on preferential basis to the Promoter and constituents of the Promoter Group of the Company for cash at a price of Rs. 42/- each (including a premium of Rs. 32/- each) aggregating to Rs. 50.02 crore in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 and Section 62(1 )(c) and other applicable provisions of the Companies Act, 2013.Powered by Capital Market - Live News