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JM Financials acquires debentures worth Rs.183.37 crore from JMFARC JM Financials acquires debentures worth Rs.183.37 crore from JMFARC

JM Financials acquires debentures worth Rs.183.37 crore from JMFARC

DSIJ Intelligence 0 1976 Article rating: 5.0

JM Financials on Thursday announced that the company has acquired 49,16,104 compulsorily convertible debentures (which are convertible into 4,91,61,040 equity shares as per the term of issue) of face value of Rs. 373 per share for cash aggregating Rs. 183.37 crore of JM Financial Asset Reconstruction Company Limited (JMFARC), a material subsidiary of the JM Financials.

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