Brief: J.K.Cement raises up to 350 mln rupees by way of NCDs

J K Cement

16/02/2016 05:20

Feb 16 (Reuters) - J K Cement Ltd  JKCE.NS : 
 * J.K.Cement Ltd. - exercise of call option of non convertible debentures of 
   J.K.Cement Ltd. 
 * J.K.Cement Ltd. - raised INR 150 million from canara bank and INR 200 million 
   from syndicate bank by way of non convertible debentures (NCDs) 
 
 * Source text: 
JK Cement Ltd has informed BSE that the Company interalia raised Rs. 15 Crores from Canara Bank and Rs. 20 Crores from Syndicate Bank by way of Non Convertible Debentures (NCDs) bearing rate of interest of 11% per annum for a tenor of 10 years but with put and call option exercisable after 5 years. In Exercise of call option on February 15, 2016 the Company repaid Rs. 15 Crores to Canara Bank and Rs. 20 Crores to Syndicate Bank with upto date interest. 
 
 
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