Jammu & Kashmir Bank Ltd allots 5000 bonds

The Basel Bond committee of Jammu & Kashmir Bank Ltd allotted 5,000 Non Convertible, Redeemable, Unsecured, Basel III Compliant Tier 2 Bonds with a face value of Rs. 10,00,000/- each aggregating to Rs. 500 Crores for augmenting Tier 2 Capital of the Bank.

Shares of JAMMU & KASHMIR BANK LTD. was last trading in BSE at Rs.74.6 as compared to the previous close of Rs. 75.85. The total number of shares traded during the day was 2340210 in over 2601 trades.

The stock hit an intraday high of Rs. 78 and intraday low of 74.05. The net turnover during the day was Rs. 180105315.

Source : Equity Bulls

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