Jammu & Kashmir Bank Ltd approves raising of capital upto Rs. 1000 crores

The Board of Directors of Jammu & Kashmir Bank Ltd in their Meeting held on 13th May, 2017, has approved raising of Capital subject to a maximum of Rs.1000 crore and Regulatory approvals, wherever, required including Shareholding approval for the same by way of Special Resolution at the ensuing AGM of the Bank.

Shares of JAMMU & KASHMIR BANK LTD. was last trading in BSE at Rs.84.05 as compared to the previous close of Rs. 82.65. The total number of shares traded during the day was 142962 in over 1190 trades.

The stock hit an intraday high of Rs. 86.1 and intraday low of 82.3. The net turnover during the day was Rs. 12066512.

Source : Equity Bulls

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