Jammu and Kashmir Bank allots 35525321 equity shares

To Government of Jammu and Kashmir

Jammu and Kashmir Bank announced that the Share Allotment Committee approved the Preferential Allotment of 3,55,25,321 equity shares of Re. 1/- each fully paid up of the Bank for cash to the Government of Jammu and Kashmir (Chief Secretary and Secretary Finance) at the issue price of Rs. 79.38 per Equity Share (including premium of Rs. 78.38 per Equity Share) aggregating to Rs. 281.99 crore.

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