JM Financial has sought shareholders’ approval to raise up to Rs 650 crore by various means. The money can be raised through sources including equity, bonds, foreign sources by way of a QIP or preferential issue or even a public issue.
Earlier, the board of directors, as its meeting held on December 18, 2017, had accorded its approval for raising of funds by the company through issue of securities.
JM Financial is an integrated financial services group offering a wide range of capital market services to its corporate and individual clients.
