JK Cement has received approval to raise fund by issue of secured/redeemable non-convertible debentures (NCDs) in one of more series/tranches on private placement basis for an amount upto Rs 250 crore (within the overall borrowing limit approved by the Shareholders) at an interest rate that will be determined by the prevailing money market conditions at the time of borrowing.
The meeting of Board of Directors of the company held on June 17, 2020 approved 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.
