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JK Bank
BSE: 532209NSE: J&KBANKISIN: INE168A01041

20th-Mar-2017 22:21Source: BSE

JK Bank - Outcome of Board Meeting

Preferential Allotment of 3,65,55,051 equity shares of Rs. 1/- each fully paid up of the Bank (''Equity Shares'') for cash to the Government of Jammu and Kashmir, Promoter and majority shareholder of the Bank (''J&K Govt.'') at the issue price of Rs. 68.39 (Rupees Sixty Eight and Thirty Nine Paisa only) per Equity Share (including premium of Rs. 67.39 per Equity Share) aggregating to Rs. 249,99,99,938 (Rupees Two Hundred and Forty Nine Crore Ninety Nine Lakh Ninety Nine Thousand Nine Hundred and Thirty Eight only) (''Share Subscription Money'')

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