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JK Cement informs about exercise of call option

16 Feb 2016 Evaluate

JK Cement has informed that the Company raised Rs 15 Crores from Canara Bank and Rs 20 Crores from Syndicate Bank by way of Non Convertible Debentures (NCDs) bearing rate of interest of 11% per annum for a tenor of 10 years but with put and call option exercisable after 5 years. In Exercise of call option on February 15, 2016 the Company repaid Rs 15 Crores to Canara Bank and Rs 20 Crores to Syndicate Bank with up to date interest.

The above information is a part of company’s filings submitted to BSE.


 

JK Cement Share Price

5527.25 22.45 (0.41%)
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