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JK Cement plans to raise Rs 200 crore through QIP

21 Jan 2013 Evaluate

In order to meet the fund requirement for funding its long-term growth and general corporate purposes including for capital expenditure and working capital, Kanpur-based JK Cement is planning to raise up to Rs 200 crore from QIP (qualified institutional placement) issue.

In this regard, the company, with 7.5 million tonnes per annum (mtpa) capacity, has convened a meeting of shareholders on February 9. As on September-end, promoter holding in the company stood at 66.57%.

The company has four manufacturing units -- three in Rajasthan and one in Karnataka -- with a total capacity of 7.5 mtpa.

JK Cement Share Price

5527.25 22.45 (0.41%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Ultratech Cement 11887.30
Ambuja Cement 458.95
ACC 1431.85
Shree Cement 25301.95
Dalmia Bharat 1972.55
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