JM Financial Products Ltd to raise Rs. 40 crores through issue of NCDs on private placement basis

JM Financial Products Ltd will be issuing a Supplemental Disclosure Document for an issue of upto 400 market linked NCDs of the face value Rs. 10 lakh each to be issued at par, aggregating to Rs. 40,00,00,000/- (Rupees Forty Crore only) for cash, which will be closing on January 22, 2015.

Shares of JM FINANCIAL LTD. was last trading in BSE at Rs.50.5 as compared to the previous close of Rs. 51.25. The total number of shares traded during the day was 131014 in over 1546 trades.

The stock hit an intraday high of Rs. 51.8 and intraday low of 49.85. The net turnover during the day was Rs. 6643229.

Source : Equity Bulls

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