J&K Bank plans ₹750 crore equity raise via QIP
pre-market1 source ↓written by the desknot a recommendation
- through a Qualified
- ₹750 crore
- via Tier 2
- ₹500 crore
Jammu and Kashmir Bank has approved a capital-raising plan for FY2025-26, targeting ₹750 crore through a Qualified Institutional Placement and ₹500 crore via Tier 2 bonds. This move is subject to shareholder approval and regulatory clearances. The funding aims to bolster the bank's capital base and support growth initiatives.
Not investment advice. For informational purposes only.