Jammu & Kashmir Bank has informed that Compensation Committee of the Board has in its meeting held today i,e. 04th March, 2023 approved the following:. J&K Bank Employee Stock Purchase Scheme, 2023 (JKBESPS 2023) for its implementation in the Bank; To offer/issue upto 7 crore equity shares aggregating upto Rs 300 crore (face value of Re 1 per share) at a price of Rs 39.25 per equity share after allowing discount of 20% on the price arrived as per pricing formula - Average of weekly volume weighted average prices of the equity shares quoted on NSE during the two trading weeks preceding the Committee meeting.
The above information is a part of company’s filings submitted to BSE.
