Business & Investment

jk Cement Stock Price: JK Cement will raise to Rs500cr via NCD

Plan to raise up to 500 rupees via Non-convertible bonds (NCD) Private placement base with one or more trunch.

The company’s board of directors recommends in this regard a proposal for shareholder approval at the company’s next annual shareholders meeting.

The Donation JK Cement said in a regulatory filing that the interest rate would be determined by the general money market conditions at the time of borrowing.



The Board has also transferred the reclassification of JK Cement’s shares to the public category at the request of certain individuals / companies belonging to those who act in cooperation with the Promoter Group.

In the quarter ended March 31, 2022, promoter and promoter group JK Cement held a 45.82% stake in the company.

The company reported on Saturday that consolidated net income for the fourth quarter, which ended March 31, 2022, was down 6.93% to Rs 199.44.

According to Filing, the company posted a net profit of Rs 214.31 in the same period last year.

Operating revenue for the quarter was Rs 2,351.16, compared with Rs 2,134.14 in the year-ago quarter.

Operating revenue for the fiscal year ended March 2022 was Rs 7,990.81, compared with Rs 6,606.10 in the previous year.

The board also recommends a dividend of 150%. This is 15 rupees per share of 10 rupees each from 2021 to 22.

jk Cement Stock Price: JK Cement will raise to Rs500cr via NCD

https://economictimes.indiatimes.com/markets/stocks/news/jk-cement-plans-to-raise-up-to-rs-500-cr-via-ncds/articleshow/91722148.cms jk Cement Stock Price: JK Cement will raise to Rs500cr via NCD

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