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J K Cements announced that the QIP Committee of Directors of the company at its meeting held on 31 December 2018 has approved the allotment of 73,41,001 Equity Shares to eligible qualified institutional buyers at the issue price of Rs 695.80 per Equity Share (including a share premium of Rs 685.80 per Equity Share), aggregating to approximately Rs. 510.79 crore.
Pursuant to the allotment of Equity Shares in the QIP, the paid-up equity share capital of the Company has increased from Rs. 69,92,72,500 comprising of 6,99,27,250 Equity Shares to Rs. 77,26,82,510 comprising of 7,72,68,251 Equity Shares.
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