JM Financial Limited invests in rights issue of JM Financial Asset Management Ltd

JM Financial Limited has been allotted 2,82,59,725 partly paid up equity shares of face value of ₹ 10/- each issued by JM Financial Asset Management Limited (the "JMFAMC"), a subsidiary of the Company, on rights basis.

JMFAMC is an Investment Manager to the schemes of JM Financial Mutual Fund. Assets Under Management (AUM) of JM Financial Mutual Fund business as of February 28, 2025 stood at ₹ 13,231.59 Crore and turnover of JMFAMC as of March 31, 2024 stood at ₹ 14.79 Crore.

Shares of JM Financial Limited was last trading in BSE at Rs. 96.11 as compared to the previous close of Rs. 95.76. The total number of shares traded during the day was 125248 in over 1025 trades.

The stock hit an intraday high of Rs. 98.68 and intraday low of 95.10. The net turnover during the day was Rs. 12143535.00.

Source : Equity Bulls

Keywords

JMFinancial INE780C01023 Investment RightsIssue JMFinancialAssetManagement