Hi Preethy,
You can achieve that with Automation for Jira. Since you are using the Server version Automation is an add-on. There is a Lite version that is free but you would probably need the fully functional paid version to do what you want.
You can see a similar example of what you want to do in this recent webinar for Automation For Jira: https://www.atlassian.com/webinars/software/how-to-supercharge-your-automation-in-jira-cloud?_ga=2.93429464.413982196.1591014579-1313086432.1576012938
I hope that helps!
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