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.