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Board Meeting To Consider Rising Of Equity And Debt Capital

| Updated on March 13, 2018

Pursuant to Regulation 29(1)(d) of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we hereby inform that a meeting of the Board of Directors of the Bank has been scheduled for Saturday, 15th April 2017 to inter alia consider: a. Preferential issue of equity shares for an amount of Rs.282 crore, to the Government of Jammu & Kashmir, the promoter and majority shareholder of the Bank, and b. Rising of funds through allotment of unsecured, redeemable, subordinated, non convertible, BASEL III Compliant Tier 2 Bonds in the nature of Debentures/Bonds aggregating to Rs. 1000 Crore.

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Source : BSE - www.bseindia.com

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Published on April 11, 2017
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