At meeting held on 28 June 2018
The Board of J K Cements at its meeting held on 28 June 2018 has interalia decided to offer, issue and allot equity shares through domestic and/or international offerings representing equity shares etc. for an amount not exceeding Rs. 700 crore, through public issue and/or private placement and /or rights issue and / or preferential allotment and/or qualified institutional placement (''QIP'') subject to shareholders approval sought in the ensuing Twenty Fourth Annual General Meeting of the Company convened on 28 July, 2018. The fund is proposed to be utilised for the purpose of funding Company's long term growth, repayment/prepayment of debt, general corporate purposes including capital expenditure and working capital or any other purposes as may be permissible under applicable law and approved by the Board of Directors.Powered by Capital Market - Live News
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