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.
