JK Cement has decided to raise funds by issue of secured/redeemable non-convertible debentures in one of more series/tranches on private placement basis for an amount up to Rs 500 crore at an interest rate that will be determined by the prevailing money market conditions at the time of borrowing. The Board of Directors of the company in their meeting held on May 12, 2018, decided the same.
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.