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19-Dec2017

JM Financial gets nod to raise Rs 650 crore

JM Financial has received its board's approval to raise Rs 650 crore by way of issue of equity shares or any other instrument or security including fully / partly convertible debentures or global depository receipts or American depository receipts or foreign currency convertible bonds or by way of a composite issue of non-convertible debentures and warrants entitling the warrant holder(s) to apply for equity shares or any other eligible securities through qualified institutions placement or private placement / public issue of equity / debt securities or preferential issue or through any other permissible mode and/or combination thereof as may be considered appropriate. The company's board gave approval for the same at its meeting held on December 18, 2017.

JM Financial is an integrated financial services group offering a wide range of capital market services to its corporate and individual clients.


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