JM Financial’s subsidiary -- JM Financial Products has proposed to open Tranche III Issue on February 13, 2020, of Secured, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs) of face value of Rs 1,000 each with a base Issue size of Rs 100 crore with an option to retain oversubscription up to Rs 200 crore aggregating up to Rs 300 crore, which is within the Shelf Limit of Rs 2000 crore.
The Tranche III Issue is scheduled to close on March 9, 2020 with an option of early closure or extension as decided by the Board of Directors of the Company (Board) or the NCD Public Issue Committee constituted by the Board.
JM Financial is an integrated financial services group offering a wide range of capital market services to its corporate and individual clients.
