JK Cement rises on acquiring equity shares in Nay Energy through right issue
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JK Cement is currently trading at Rs. 3667.60, up by 23.10 points or 0.63% from its previous closing of Rs. 3644.50 on the BSE.
The scrip opened at Rs. 3654.95 and has touched a high and low of Rs. 3675.00 and Rs. 3614.30 respectively. So far 3070 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3675.00 on 1-Dec-2023 and a 52 week low of Rs. 2542.65 on 27-Jan-2023.
Last one week high and low of the scrip stood at Rs. 3675.00 and Rs. 3525.60 respectively. The current market cap of the company is Rs. 28343.15 crore.
The promoters holding in the company stood at 45.80%, while Institutions and Non-Institutions held 38.64% and 15.54% respectively.
JK Cement has acquired further 6,55,999 Equity Shares of Nay Energy through right issue in proportion to the existing shareholding offered by Nay Energy. Hence the percentage of investment of Company in Nay Energy shall be remain same i.e. 26% after above said acquisition of shares.
JK Cement is one of the largest cement manufacturers in north India. It is also second largest producer of white cement in India. The company exports white cement to countries like South Africa, Nigeria, Singapore, Bahrain, Bangladesh, Sri Lanka, Tanzania, UAE and Nepal.
