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JK Paper gets nod to raise Rs 100 crore via NCDs

09 Feb 2022 Evaluate

JK Paper’s board has accorded its consent to the proposed issue of redeemable Non-Convertible Debentures (NCDs) of upto Rs 100 crore in one or more tranches/series, on private placement basis, for refinancing its existing borrowings and general corporate purposes including normal capital expenditure, in accordance with the relevant applicable regulations/guidelines. The Board of Directors of the Company at its meeting held on February 8, 2022, has considered and approved the same.

JK Paper is one of the most respected paper companies in India today.

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