Jammu & Kashmir Bank jumps on raising Rs 360 crore through bonds
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Jammu & Kashmir Bank is currently trading at Rs. 32.85, up by 0.85 points or 2.66% from its previous closing of Rs. 32.00 on the BSE.
The scrip opened at Rs. 32.10 and has touched a high and low of Rs. 33.05 and Rs. 32.10 respectively. So far 384874 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 48.20 on 08-Nov-2021 and a 52 week low of Rs. 22.50 on 23-Apr-2021.
Last one week high and low of the scrip stood at Rs. 34.25 and Rs. 31.30 respectively. The current market cap of the company is Rs. 3055.20 crore.
The promoters holding in the company stood at 70.12%, while Institutions and Non-Institutions held 0.93% and 28.96% respectively.
Jammu & Kashmir Bank has raised Rs 360 crore through Unsecured, Subordinated, Non-Convertible, Redeemable, Fully-Paid-Up, Basel III Compliant Tier II Bonds in the nature of debentures and allotted 360 bonds having face value of Rs 1 crore. The Capital Issuance Committee of the Board of Directors in its Meeting held on March 30, 2022, considered and approved the same.
Jammu & Kashmir Bank is engaged in the banking business. The company offers a range of products and services, such as loans, insurance, tax products/planning, savings and deposits, cards, mutual funds and non-resident banking.
