JK Cement to raise around 2 bn via QIB

JK Cement to raise around 2 bn via QIB

Subject to the approval of its shareholders, JK Cement decided to issue Rs 200 crore worth of equity shares to qualified institutional buyers (QIBs).
Recently, the company annaounced that they have secured approval from its board of directors for the fund raising plan.
The issue will have a greenshoe option for an unspecified amount.
The company said in a communication to Bombay Stock Exchange that JK Cement has called for an Extra Ordinary Board Meeting on9th February, 2013.
Contact: JK Cement.
Tel: 0512 - 23714 7881.
Website: www.jkcement.com

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