JK Cement gets nod to raise Rs 700 crore via GDRs, ADRs

28 Jun 2018

JK Cement has received approval to raise funds for an amount not exceeding Rs 700 crore through issue and allotment of equity shares and/or Global Depositary Receipts (GDRs) and/or American depositary receipts (ADRs) through domestic and/or international offerings representing either equity shares or a combination of the foregoing.

The meeting of the Board of Directors of the company held on June 27, 2018, approve 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.

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