05-Aug-2026      18:24

J&K Bank plans to raise Tier I capital via Rights Issue/QIP/Preferential Allotment

Jammu and Kashmir Bank Limited plans to raise capital (Tier I) through an unspecified mode, potentially including Rights Issue, QIP, or Preferential Allotment, the amount of which was not disclosed, subject to board approval at a meeting scheduled for August 11, 2026, as announced in a regulatory filing. The bank’s board will also consider other matters as per SEBI regulations.

News source: Capital Market - Live News