Srinagar- The Jammu and Kashmir Bank said on Wednesday that it has decided to raise Rs 150 crore by issuing shares to its employees under the employee stock purchase scheme.
The decision followed the meeting of the bank’s compensation committee on Wednesday which recommended issuance of Rs 7.5 crore equity shares of the face value of Re 1 each aggregating to Rs 150 crore in one or more tranches to bank’s eligible employees.
The Bank’s shares appreciated by 4.27 per cent from its previous value and closed at Rs 30.55 per share on the BSE.
Follow this link to join our WhatsApp group: Join Now
Be Part of Quality Journalism |
Quality journalism takes a lot of time, money and hard work to produce and despite all the hardships we still do it. Our reporters and editors are working overtime in Kashmir and beyond to cover what you care about, break big stories, and expose injustices that can change lives. Today more people are reading Kashmir Observer than ever, but only a handful are paying while advertising revenues are falling fast. |
| ACT NOW |
| MONTHLY | Rs 100 |  |
| YEARLY | Rs 1000 | |
| LIFETIME | Rs 10000 | |
