JK Paper To Issue Equity Shares Worth 2.4 Million Euros Against FCCBs

JK Paper, on Wednesday’s after-market hours, announced that the board of directors will consider allotment of equity share of the company on June 8, 2017.

The allotment of the equity share is consequent to conversion notices received from one of the Foreign Currency Convertible Bonds (FCCBs) holder, seeking conversion of its FCCBs (Series 4) and FCCBs (Series 2) of Euro 2.4 million each into equity share of the company.

The stock on Thursday’s trade was up by Rs 0.15 per share or 0.1% at Rs 105 per share on the NSE at 0920 hours.

The stock had hit its 52-week high of Rs 122.50 per share on May 17, 2017, its 52-week low of Rs 50.55 per share was reached on June 3, 2016.

JK Paper products/services include paper and paper board. It offers products under various categories, including coated paper and board, uncoated paper and board, packaging broad and office documentation.

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