JM Financial Ltd allots 4,01,22,706 Equity Shares

The Committee of the Board of JM Financial Ltd at its meeting held today has approved the allotment of 4,01,22,706 Equity Shares of Re. 1/- each to the eligible qualified institutional buyers at the issue price of Rs. 162/- per Equity Share, aggregating to Rs. 650 Crore under the SEBI Regulations and Section 42 of the Companies Act, 2013.

Pursuant to the allotment of Equity Shares in the Issue, the paid-up equity share capital of the Company stands increased to Rs. 83,77,97,173 comprising 83,77,97,173 equity shares of face value of Re. 1/- each.

Shares of JM FINANCIAL LTD. was last trading in BSE at Rs.154.55 as compared to the previous close of Rs. 155.25. The total number of shares traded during the day was 140857 in over 1437 trades.

The stock hit an intraday high of Rs. 155.25 and intraday low of 144. The net turnover during the day was Rs. 21005862.

Source : Equity Bulls

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