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At meeting held on 20 March 2017Jammu and Kashmir Bank announced that the Board of Directors of the Bank at its meeting held on 20 March 2017 has approved preferential allotment of 3,65,55,051 equity shares of Rs. 1/- each fully paid up of the Bank for cash to the Government of Jammu and Kashmir, Promoter and majority shareholder of the Bank at the issue price of Rs. 68.39 per Equity Share (including premium of Rs. 67.39 per Equity Share) aggregating to Rs. 249.99 crore.
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