Business Standard

Jammu and Kashmir Bank raises Rs 360 crore through bonds

Shares of the bank closed at Rs 32 apiece on the BSE, down by 3.18 per cent from previous close

Jammu and Kashmir Bank

Jammu and Kashmir Bank

Press Trust of India New Delhi
Jammu and Kashmir Bank on Wednesday said it has raised Rs 360 crore by issuing bonds.
The capital issuance committee of the board of directors, in its meeting held on March 30, 2022, approved the bond issue, the bank said in a regulatory filing.
The committee considered and approved allotment of 360 unsecured, subordinated, non-convertible, redeemable fully paid-up Basel III compliant Tier II bonds in the nature of debentures of face value of Rs 1 crore each, aggregating up to Rs 360 crore, it added.
Shares of the bank closed at Rs 32 apiece on the BSE, down by 3.18 per cent from previous close.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 30 2022 | 5:17 PM IST

Explore News