JK Paper soars on getting nod to raise Rs 100 crore via NCDs
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JK Paper is currently trading at Rs. 241.60, up by 6.45 points or 2.74% from its previous closing of Rs. 235.15 on the BSE.
The scrip opened at Rs. 245.00 and has touched a high and low of Rs. 245.00 and Rs. 239.10 respectively. So far 51045 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 284.80 on 09-Aug-2021 and a 52 week low of Rs. 124.25 on 22-Apr-2021.
Last one week high and low of the scrip stood at Rs. 245.00 and Rs. 230.80 respectively. The current market cap of the company is Rs. 4087.68 crore.
The promoters holding in the company stood at 49.52%, while Institutions and Non-Institutions held 6.41% and 44.07% respectively.
JK Paper’s board has accorded its consent to the proposed issue of redeemable Non-Convertible Debentures (NCDs) of upto Rs 100 crore in one or more tranches/series, on private placement basis, for refinancing its existing borrowings and general corporate purposes including normal capital expenditure, in accordance with the relevant applicable regulations/guidelines. The Board of Directors of the Company at its meeting held on February 8, 2022, has considered and approved the same.
JK Paper is one of the most respected paper companies in India today.
