JK Cement to raise Rs.200 crore through QIP

The Board of Directors of JK Cement Ltd at its meeting held on January 08, 2013, has approved raising of equity shares upto to Rs. 200 Crores with Greenshoe option to Qualified Institutional Buyers (QIB) subject to shareholder’s approval. Further, for seeking shareholder's approval an Extra Ordinary General Meeting of the Company has been convened on February 09, 2013.

The JK Cement Ltd stock closed the day at Rs.331.25, down by Rs.5 or 1.49%. The stock hit an intraday high of Rs.338.90 and low of Rs.323.20.

The total traded quantity was 7401 compared to 2 week average of 15295.

Source : Equity Bulls

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