JK Lakshmi Cement witnessed a rise in share price on Monday after the company has received shareholders' approval to raise up to Rs 5 billion by issue of Non-Convertible Debentures (NCDs) on private placement basis.

The shareholders have approved for the same at the special resolution through postal ballot. The company had earlier received board's approval for the same.

Shares of JK Lakshmi Cement are trading at Rs 347.60, up Rs 7.35, or 2.16% at the Bombay Stock Exchange (BSE) on Monday at 10:17 a.m.

The scrip has touched an intra-day high of Rs 349.00 and low of Rs 343.30. The total volume of shares traded at the BSE is 1,210.

Total volume of shares traded on the bourses today was lower by 89.98% to 18,570 compared with 22-day average volume of 185,244.