JK Paper is planning to allot equity shares consequent to conversion notice received from one of the Foreign Currency Convertible Bonds (FCCBs) Holder, seeking conversion of its FCCBs (Series 5) of Euro 2.4 million into equity shares of the company.
The meeting of the Committee of Directors of the company will be held on May 8, 2018, to consider the same.
JK Paper is engaged in paper manufacturing business. The company is India’s largest producer of branded papers is a leading player in the printing and writing segment.
