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JK Lakhsmi Cement has received shareholders’ approval to raise upto Rs 500cr

The shareholders’ of JK Lakshmi Cement have provided their approval to raise up to Rs 500 crore through issuing non-convertible debentures on a private placement basis.

The company has said in a statement that the shareholders have approved the special resolution through postal ballot.

In October, the board of the company had approved the raising Rs 500 crore through issuance of non-convertible debentures on a private placement basis.

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