JM Financial has raised Rs 770 crore by issuing shares to a set of investors through qualified institutional placement (QIP). The committee of the board of directors of the company at its meeting held on June 12, 2020 has approved the allotment of 110,000,000 equity shares of a face value of Rs 1 each to eligible qualified institutional buyers at the issue price of Rs 70 per equity share.
JM Financial is an integrated financial services group offering a wide range of capital market services to its corporate and individual clients.
