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JM Financial’s arm hikes stake in Spandana

17 Apr 2018 Evaluate

JM Financial’s subsidiary - JM Financial Products has completed the second leg of acquisition of 8,78,028 equity shares of Spandana Sphoorty Financial (Spandana). With this acquisition, JM Financial Products’ holding is 12.95% of the current outstanding total equity shares of Spandana and 6.47% on a fully diluted basis.

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 1839.60
TVS Holdings 12760.40
Cholamandalam Fin. 1511.75
Altius Telecom Infra 175.50
Kama Holdings 2250.50
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