JK Cement to raise around Rs 2 bn via QIB
  1. Home
  2. Building Material
  3. Cement
  4. JK Cement to raise around Rs 2 bn via QIB
Cement

JK Cement to raise around Rs 2 bn via QIB

09 Jan 2013 1 Min Read CW Team

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 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.

On February 9, 2013, the company called an Extra Ordinary General meeting.

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 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. On February 9, 2013, the company called an Extra Ordinary General meeting.

Related Stories

Gold Stories

Opinion Poll

Question : Which technological advancement do you believe will most transform the real estate industry in the coming years?

Latest updates

Andhra Pradesh Boosts Port-Led Growth
PORTS & SHIPPING
03 May 2024

Andhra Pradesh Boosts Port-Led Growth

IRCON Wins Rs.12 Bn Railway Contract
RAILWAYS & METRO RAIL
03 May 2024

IRCON Wins Rs.12 Bn Railway Contract

GMR Airports Infra Acquires Stake in WAIS
AVIATION & AIRPORTS
03 May 2024

GMR Airports Infra Acquires Stake in WAIS

High Court Clears Path for Tribune Flyover After 4-Year Hiatus
ROADS & HIGHWAYS
03 May 2024

High Court Clears Path for Tribune Flyover After 4-Year Hiatus

Kalpataru to Redevelop Mumbai Housing Society
Real Estate
03 May 2024

Kalpataru to Redevelop Mumbai Housing Society

New York Life Invests in Max Estates
Real Estate
03 May 2024

New York Life Invests in Max Estates

Jindal Stainless Plans Rs 54 Bn Expansion
ECONOMY & POLICY
03 May 2024

Jindal Stainless Plans Rs 54 Bn Expansion

Ambuja Cements Q4 Profit Rs 15.25 Bn
Cement
03 May 2024

Ambuja Cements Q4 Profit Rs 15.25 Bn

Hi There!

Now get regular updates from CW Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Construction News on Whatsapp! Enjoy

+91 81086 03000

Join us Telegram