J&K Bank board approves capital raising | Business Standard News
The board of directors of Jammu & Kashmir Bank 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 crore. The announcement was made after market hours on Friday, 4 June 2021. Shares of Jammu & Kashmir Bank fell 0.51% to settle at Rs 29.40 on Friday. The stock hit a 52-week high of Rs 32.95 on 18 February 2021. The stock hit a 52-week low of Rs 11.55 on 01 June 2020. J&K Bank offers banking services under the three major divisions as support services, ...