JM Financial receives capital investment in its real estate arm ‘FICS’

JM Financial Ltd. | Finance - Investment | BFSI | BSE: 523405 | NSE: JMFINANCIL

21 Nov 2014 Evaluate

JM Financial has received a significant capital investment in its real estate lending subsidiary company, FICS Consultancy Services (FICS). The capital investment of Rs 540 crore comes from a Global Fund led by Mr. Vikram Pandit.

JM Financial has provided additional capital of Rs 360 crore to this business bringing the total capital commitment to Rs 900 crore. The additional capital will enhance the real estate lending and financing business of JM Financial.

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

Peers

Company Name	CMP
Bajaj Finserv	1839.60
TVS Holdings	12760.40
Cholamandalam Fin.	1511.75
Altius Telecom Infra	175.50
Kama Holdings	2250.50
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.