JM Financial Ltd allots 11646939 Equity Shares upon exercise of right by a Warrantholder

The allotment committee of the Board of Directors of JM Financial Ltd, at its meeting held on December 11, 2014, has allotted 1,16,46,939 equity shares of the face value of Rs. 1/- each to Mr. Vikram Shankar Pandit, a Non Resident Indian upon the exercise of right by him as a Warrant holder.

Subsequent to the allotment of equity shares as above, the paid-up equity share capital of the Company is Rs. 77,16,77,052/- representing 77,16,77,052 equity shares of the face value of Rs. 1/- each.

Shares of JM FINANCIAL LTD.-$ was last trading in BSE at Rs.49.75 as compared to the previous close of Rs. 51.8. The total number of shares traded during the day was 766545 in over 6701 trades.

The stock hit an intraday high of Rs. 53.85 and intraday low of 49.05. The net turnover during the day was Rs. 39529731.

Source : Equity Bulls

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