Corporate News     27-Jul-23
Board of JK Lakshmi Cement approves fund raising up to Rs 2500 cr
At meeting held on 27 July 2023
The Board of JK Lakshmi Cement at its meeting held on 27 July 2023 has approved fund raising through term loan/ issue of debt securities in one or more tranches up to an amount of Rs 2500 crore to part finance the company's ongoing projects and funding its various growth opportunities including inorganic growth.

The Board also approved the acquisition of 100% stakeholding in Hidrive Developers and Industries for a consideration of Rs 16.33 crore. This company holds industrial plot in Surat adjacent to the company's grinding unit which can be used for future expansion.

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