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JM Financial shines on getting nod to raise Rs 650 crore

19 Dec 2017 Evaluate

JM Financial is currently trading at Rs. 155.30, up by 5.05 points or 3.36% from its previous closing of Rs. 150.25 on the BSE.

The scrip opened at Rs. 155.10 and has touched a high and low of Rs. 157.90 and Rs. 154.05 respectively. So far 96178 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 190.95 on 16-Oct-2017 and a 52 week low of Rs. 62.55 on 27-Dec-2016.

Last one week high and low of the scrip stood at Rs. 157.90 and Rs. 142.05 respectively. The current market cap of the company is Rs. 11980.50 crore.

The promoters holding in the company stood at 65.10%, while Institutions and Non-Institutions held 16.49% and 18.41% respectively.

JM Financial has received its board’s approval to raise Rs 650 crore by way of issue of equity shares or any other instrument or security including fully / partly convertible debentures or global depository receipts or American depository receipts or foreign currency convertible bonds or by way of a composite issue of non-convertible debentures and warrants entitling the warrant holder(s) to apply for equity shares or any other eligible securities through qualified institutions placement or private placement / public issue of equity / debt securities or preferential issue or through any other permissible mode and/or combination thereof as may be considered appropriate. The company’s board gave approval for the same at its meeting held on December 18, 2017.

JM Financial is an integrated financial services group offering a wide range of capital market services to its corporate and individual clients.

JM Financial Share Price

137.30 2.60 (1.93%)
17-Apr-2026 16:59 View Price Chart
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