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JK Cement informs about allotment of equity shares

31 Dec 2018 Evaluate

JK Cement has informed that in respect of the QIP, the Committee of Directors of the company has, at its meeting held today, December 31, 2018, approved the allotment of 73,41,001 Equity Shares to eligible qualified institutional buyers at the issue price of Rs 695.80 per Equity Share (including a share premium of Rs 685.80 per Equity Share), aggregating to approximately Rs 510.79 crore. The QIP opened on December 24, 2018 and closed on December 28, 2018 and the same was intimated through letters dated December 24, 2018 and December 28, 2018, respectively. The meeting of the Committee of Directors of the company commenced at 11.30 AM and concluded at 12.15 PM. Pursuant to the allotment of Equity Shares in the QIP, the paid-up equity share capital of the company has increased from Rs 69,92,72,500 comprising of 6,99,27,250 Equity Shares to Rs 77,26,82,510 comprising of 7,72,68,251 Equity Shares.

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

JK Cement Share Price

5588.20 -209.75 (-3.62%)
24-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Ultratech Cement 12010.50
Ambuja Cement 450.65
ACC 1411.55
Shree Cement 24947.60
Dalmia Bharat 1962.10
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