Jammu and Kashmir Bank Ltd approves raising of Rs. 1000 crores

The Board of Directors of Jammu and Kashmir Bank Ltd in their meeting held today i.e. 17th March, 2022, subject to regulatory approvals as applicable, have approved raising of BASEL III compliant Tier II capital upto INR 1000 Crores in the form of nonconvertible, redeemable, unsecured, bonds, on a private placement basis.

Shares of The Jammu & Kashmir Bank Limited was last trading in BSE at Rs. 34.55 as compared to the previous close of Rs. 34.05. The total number of shares traded during the day was 248610 in over 1471 trades.

The stock hit an intraday high of Rs. 34.95 and intraday low of 34.25. The net turnover during the day was Rs. 8602327.00.

Source : Equity Bulls

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TheJammuandKashmirBank INE168A01041 FundRaising Tier2Capital