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JM Financial gains as its arm plans to acquire 9.84% stake in Fairassets Technologies India

10 May 2016 Evaluate

JM Financial is currently trading at Rs. 41.85, up by 0.50 points or 1.21% from its previous closing of Rs. 41.35 on the BSE.

The scrip opened at Rs. 42.00 and has touched a high and low of Rs. 42.00 and Rs. 41.55 respectively. So far 5,005 shares were traded on the counter.

The BSE group 'B ' stock of face value Rs. 1 has touched a 52 week high of Rs. 58.25 on 13-Aug-2015 and a 52 week low of Rs. 33.40 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 42.00 and Rs. 40.80 respectively. The current market cap of the company is Rs. 3,301.00 crore.

The promoters holding in the company stood at 65.67% while Institutions and Non-Institutions held 16.79% and 17.54% respectively.

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.


JM Financial Share Price

135.10 -2.20 (-1.60%)
20-Apr-2026 09:43 View Price Chart
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