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| Exchange Disseminated Time 10/08/2016 15:37:20 | Jammu & Kashmir Bank Ltd has informed BSE that the Board of Directors in their meeting held on August 10, 2016 have approved:
1. Issue of Debt Securities (Unsecured Subordinated Redeemable Non-Convertible Basel III compliant Tier 2 Bonds in the nature of Debentures of face value of Rs. 10,00,000 each) on private placement basis aggregating up to Rs. 1,000 crores in one or more tranche(s) in the financial year 2016-17, and
2. Proposal for seeking approval to the special resolution from the Shareholders for the above through a postal Ballot. |
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