JK Paper to allot equity shares

On conversion of FCCBs

JK Paper announced that the Company is in receipt of Conversion Notices from Foreign Currency Convertible Bonds (FCCBs) Holders, seeking conversion of their FCCBs (Series 2) aggregating to Euro 65,00,000 into about 74 lakh Equity Shares of Rs. 10/- each of the Company.

Accordingly, the Company, upon completion of requisite procedural formalities, will be holding a meeting of Committee of Directors to allot the said Equity Shares upon conversion of such FCCBs.

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