JM Financial is currently trading at Rs. 80.40, up by 0.80 points or 1.01% from its previous closing of Rs. 79.60 on the BSE.
The scrip opened at Rs. 80.45 and has touched a high and low of Rs. 80.75 and Rs. 80.05 respectively. So far 10,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 83.10 on 19-Oct-2016 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. 83.10 and Rs. 69.60 respectively. The current market cap of the company is Rs. 6,365.55 crore.
The promoters holding in the company stood at 65.44%, while Institutions and Non-Institutions held 17.69% and 16.87% respectively.
JM Financial’s subsidiary company - JM Financial Products has executed the agreement(s) on October 20, 2016 to acquire equity shares representing up to 24.50% (on a fully diluted basis) of the total paid up equity share capital of India Home Loan (IHL) through secondary purchase and/or preferential allotment route.
The acquisition as above by JM Financial Products is with the intention to transfer the entire equity stake in IHL (after factoring the carrying cost for the period it remains in the books of JM Financial Products) to a Fund/Trust to be established and managed/sponsored by JM Financial Investment Managers, the asset management company for Alternative Assets business in the JM Financial Group.
IHL is engaged in the business of providing home loans to individuals and families in the affordable housing segment. The equity shares of IHL are currently traded on the Bombay Stock Exchange (BSE).
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