JK Cement has received an approval for raising of equity shares up to Rs 200 crore with Greenshoe option to Qualified Institutional Buyers (QIB) subject to shareholder’s approval. The board at its meeting held on January 08, 2013 has approved for the same. Further, for seeking shareholder’s approval an extra ordinary general meeting of the company has been convened on February 09, 2013.
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.