Jammu and Kashmir Bank allots 35525321 shares

The Share Allotment Committee of Jammu and Kashmir Bank met at 11:00 a.m today and approved the Preferential Allotment of 3,55,25,321 equity shares of Re. 1/- each fully paid up of the Bank for cash to the Government of Jammu and Kashmir (Chief Secretary and Secretary Finance) at the issue price of Rs. 79.38 (Rupees Seventy Nine and Thirty Eight Paisa only) per Equity Share (including premium of Rs. 78.38 per Equity Share) aggregating to Rs. 281,99,99,981 (Rupees Two Hundred and Eighty One Crore Ninety Nine Lakh Ninety Nine Thousand Nine Hundred and Eighty One only).

Shares of JAMMU & KASHMIR BANK LTD. was last trading in BSE at Rs.83.1 as compared to the previous close of Rs. 83.05. The total number of shares traded during the day was 51344 in over 503 trades.

The stock hit an intraday high of Rs. 85.5 and intraday low of 81. The net turnover during the day was Rs. 4255567.

Source : Equity Bulls

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