JAMMU & KASHMIR BANK LTD. - 532209 - Board Meeting Outcome for OUTCOME OF BOARD MEETING (RAISING OF CAPITAL BY THE BANK)
In continuation to our disclosure vide letter no. JKB/BS/F3652/2022/276 dated 14th March, 2022 and pursuant to Regulation 29(1)(d) read with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please be informed that the Board of Directors of the Bank in their meeting held today i.e. 17th March, 2022, subject to regulatory approvals as applicable, have approved raising of BASEL III compliant Tier II capital upto INR 1000 Crores in the form of non-convertible, redeemable, unsecured, bonds, on a private placement basis.17-03-2022