Skip to main content

MoneyWorks4Me

JM Financial informs about updates on subsidiary

10 May 2016 Evaluate

JM Financial has informed that JM Financial Products Limited, a subsidiary of the Company, has on May 09, 2016 executed the Agreement to acquire securities representing up to 9.84% (on a fully diluted basis) of the total paid up capital of Fairassets Technologies India Private Limited. Fairassets Technologies India Private Limited 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.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
Bajaj Finserv 1653.00
TVS Holdings 11525.00
Cholamandalam Fin. 1327.60
Altius Telecom Infra 174.00
Kama Holdings 2160.00
View more..