JK Paper has raised Rs 335 crore on private placement basis. The Committee of Directors of the company at their meeting held on November 27, 2018, issued 33,500 rated, unlisted, secured, redeemable, non-convertible debentures (NCDs) (Series 1) of face value of Rs 1,00,000 each. The date of allotment is November 27, 2018.
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.