JM Financial has received shareholders' approval to raise up to Rs 850 crore through issuance of securities. At annual general meeting (AGM), shareholders have given approval to raise Rs 850 crore. Shareholders have also approved the resolution to increase investment limits by the Foreign Portfolio Investors (FPIs) from 24 per cent to 40 per cent of the paid-up equity share capital of the company.
JM Financial is an integrated financial services group offering a wide range of capital market services to its corporate and individual clients.
