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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