Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, JM Financial has informed that JM Financial Investment Managers, a subsidiary of the Company, has executed the share purchase agreement to acquire equity shares of Spandana Sphoorty Financial through a secondary purchase in two tranches representing 16.26% of its current outstanding total equity shares. On a fully diluted basis, the said acquisition would result in the holding of 6.41% in Spandana post the preferential issue and exercise of the warrants/ESOPs by the promoters/employees of Spandana as per the other agreements executed by Spandana.
The above information is a part of company’s filings submitted to BSE.
