In continuation to its letters bearing reference JKB/BS/F3652/2021/001 dated 01st April, 2021, JKB/BS/F3652/2021/025 dated 06th May, 2021, JKB/BS/F3652/2021/027 dated 11th May, 2021 & JKB/BS/F3652/2021/035 dated 31st May, 2021 regarding capital infusion in the Bank, Jammu & Kashmir Bank has informed that the Board of Directors of the Bank in their meeting held on June 04, 2021 has approved raising of capital by issue of equity shares through preferential allotment to Government of Jammu & Kashmir, the promoter and majority shareholder of the Bank, for an amount upto Rs 500.00 Crores, subject to the shareholders and other regulatory approvals.
The above information is a part of company’s filings submitted to BSE.
