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JM Financial to raise Rs 850 crore through various ways

20 Dec 2019 Evaluate

JM Financial has received approval to raise the funds for an aggregate amount of up to Rs 850 crore by way of issue of equity shares and/or any other instruments or securities through qualified institutions placement, private placement / preferential issue / public issue / rights issue or through any other permissible modes and/or combination thereof. The Board of Directors of the Company at its meeting held on December 19, 2019 has approved the same.

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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