JM Financial’s subsidiary - JM Financial Products has executed an agreement to acquire securities representing up to 9.84% (on a fully diluted basis) of the total paid up capital of Fairassets Technologies India.
Fairassets Technologies India is engaged in the business of operating a web portal and mobile application by the name of ‘Faircent.com’ which provides a virtual peer to peer lending marketplace.
JM Financial is an integrated financial services group offering a wide range of capital market services to its corporate and individual clients.