JK Papers’ rights issue closes

August 25, 2011 | By PSA Newsdesk

JK Papers’ rights issue totalling Rs 246 crore closed on 23 August 2011. The company has decided to issue 5.86 crore shares of face value of Rs 10 each for cash at a price of Rs 42 per share, which also includes a premium of Rs 32 each, aggregating to Rs 246 crore. The company has planned to issue shares to the shareholders in the ratio of three equity shares for every four equity shares held on the record date. The right issue has been open from August 8. ...cont´d

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