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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 1741.00
TVS Holdings 11754.85
Cholamandalam Fin. 1400.55
Altius Telecom Infra 173.02
Kama Holdings 2226.00
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