JM Financial Ltd.

BSE: 523405 | NSE: JMFINANCIL
Small Cap | Finance - Investment
150.10
1.80 (1.21%)
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JM Financial receives capital investment in its real estate arm ‘FICS’

Date: 21-11-2014
JM Financial has received a significant capital investment in its real estate lending subsidiary company, FICS Consultancy Services (FICS). The capital investment of Rs 540 crore comes from a Global Fund led by Mr. Vikram Pandit.

JM Financial has provided additional capital of Rs 360 crore to this business bringing the total capital commitment to Rs 900 crore. The additional capital will enhance the real estate lending and financing business of JM Financial.

JM Financial is an integrated financial services group offering a wide range of capital market services to its corporate and individual clients.