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Board of JK Lakshmi Cement approves fund raising up to Rs 500 crore

Capital Market 

At meeting held

announced that the Board of Directors at its meeting held on 17 May 2017 has approved raising of funds by way of issue of securities, convertible/ non convertible with or without warrant by any of public and/or private offerings and/or qualified institutional placement or any combination thereof of up to Rs 500 crore, subject to requisite approval of shareholders in the ensuing AGM of the Company.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 17 2017. 18:08 IST