JK Cement gains on the plans of raising up to Rs 200 crore via QIB

09 Jan 2013

JK Cement is currently trading at Rs 335.10, up by 2.35 points or 0.71% from its previous closing of Rs 332.75 on the BSE.

The scrip opened at Rs 336.00 and has touched a high and low of Rs 349.40 and Rs. 334.50 respectively. So far 15291 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 369.80 on 24-Dec-2012 and a 52 week low of Rs 98.00 on 12-Jan-2012.

Last one week high and low of the scrip stood at Rs 361.00 and Rs 323.20 respectively. The current market cap of the company is Rs 2326.83 crore.

The promoters holding in the company stood at 66.57% while Institutions and Non-Institutions held 21.47% and 11.96% respectively.

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

Related JK Cement Ltd. Links:

JK Cement Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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