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Board of Jammu and Kashmir Bank approves preferential issue of shares to Govt. of J&K

Capital Market 

At meeting held on 20 March 2017

announced that the Board of Directors of the at its meeting held on 20 March 2017 has approved preferential allotment of 3,65,55,051 equity of Rs. 1/- each fully paid up of the for cash to the Government of Jammu and Kashmir, Promoter and majority shareholder of the 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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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, March 21 2017. 11:01 IST