Jammu & Kashmir Bank (J&K Bank) is planning to raise up to Rs 150 crore by issuing shares to its employees under the Employee Stock Purchase Scheme. The Compensation Committee of the board in its meeting on June 16, 2021, has recommended issuance of 7.5 crore equity shares of the face value of Re 1 each aggregating up to Rs 150 crore (including premium) in one or more tranches to eligible employees of the bank.
Jammu & Kashmir Bank is engaged in the banking business. The company offers a range of products and services, such as loans, insurance, tax products/planning, savings and deposits, cards, mutual funds and non-resident banking.
