J K Cement to raise up to ~1,000 crore from market

J K Cement on Friday said it would raise up to ~1,000 crore from the market for funding its long-term growth, repayment of debt and general corporate purposes. The fund would be “utilised for funding the company’s long-term growth, repayment or prepayment of debt, and general corporate purposes,” the firm said. But, this would be “subject to shareholders’ approval” at meeting on July 29.