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JM Financial raises Rs 650 crore through QIP issue

05 Feb 2018 Evaluate

JM Financial has raised Rs 650 crore through a Qualified Institutional Placement (QIP) to global and domestic investors, which was oversubscribed by over three times. The issue launched on January 30 closed on February 2, was priced at Rs 162 a share, which has a face value of Re 1.

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



Peers
Company Name CMP
Bajaj Finserv 1741.00
TVS Holdings 11754.85
Cholamandalam Fin. 1400.55
Altius Telecom Infra 173.02
Kama Holdings 2226.00
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