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JM Financial’s arm to acquire 9.84% stake in Fairassets Technologies India

10 May 2016 Evaluate

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.


Peers
Company Name CMP
Bajaj Finserv 1741.00
TVS Holdings 11754.85
Cholamandalam Fin. 1400.55
Altius Telecom Infra 173.02
Kama Holdings 2226.00
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