JK Cement is planning to raise long-term funds of up to Rs 300 crore through debt instruments and institutional placement by way of issue of Securities and/or Non Convertible Debentures with warrants on preferential allotment basis. The company’s board of directors at their meeting held on May 23, 2015 decided the same. However, the same shall be subjected to shareholder’s approval, which will be sought at the firm's Annual General Meeting on August 1, 2015.
JK Cement is one of the largest cement manufacturers in north India. It is also second largest producer of white cement in India. The company exports white cement to countries like South Africa, Nigeria, Singapore, Bahrain, Bangladesh, Sri Lanka, Tanzania, UAE and Nepal.
