Jammu & Kashmir Bank raises Rs.750-Cr via QIP

The Jammu and Kashmir Bank received application forms for an aggregate of 6,97,02,602 fully paid-up equity shares of the bank under its qualified institutions placement (QIP) issue at INR 107.60 per equity share (a premium of INR 106.60 to the face value of INR 1 per equity share), aggregating INR 750 crore. The issue opened on Dec 11 and closed on Dec 14.