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Udaipur Cement Work plans to raise up to Rs 50 crore

Udaipur : Udaipur Cement Work is planning to issue Optionally Convertible Cumulative Redeemable Preference Shares of up to Rs 50 crore on preferential basis to JK Lakshmi Cement, Promoter of the Company. The board of directors of the company in their meeting, scheduled to be held on May 10, 2017, will consider the same.

Udaipur Cement Works is presently engaged in the business of manufacture and sale of cement. The Equity Shares of the company are listed on Bombay Stock Exchange, Delhi Stock Exchange Association, Jaipur Stock Exchange and Ahmedabad Stock Exchange.

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