KARACHI – The management of the JS Bank Limited (JSBL) has determined that it will increase the bank’s paid-up share capital to meet the State Bank of Pakistan’s (SBP) minimum paid-up capital requirements.
“The board of directors of JS bank after considering the various options for meeting the State Bank of Pakistan’s minimum capital requirements have in principle agreed to increase the paid-up share capital of the bank,” the bank informed its shareholders on the Karachi Stock Exchange (KSE).
This, it said, would be done through the issue of further shares on discount and otherwise as right shares to Jhanagir Siddiqui and Company and other shareholders of the JS Global Capital Limited (JSGCL) against acquisition of shares of the JSGCL.
JS Bank set to increase share capital
