Pursuant to Regulation 29(1) (d) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, J&K Bank has informed that the Board of Directors of the Bank at its meeting scheduled for Saturday, 13th May, 2017 shall consider raising of capital by way of Qualified Institutional Placements (QIPs), subject to regulatory approvals wherever required including shareholders approval for the same by way of special resolution.
The above information is a part of company’s filings submitted to BSE.