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JM Financial Ltd.

BSE: 523405 Sector: Financials
NSE: JMFINANCIL ISIN Code: INE780C01023
BSE 10:25 | 02 Dec 71.40 0.60
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NSE 10:19 | 02 Dec 71.75 0.95
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Disclosure Pursuant To Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligati

September 23, 2021, 7:54 pm | Source: BSE | Downlaod PDFDownload PDF

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 we wish to inform you that the Company has sold and transferred 3979272 12% Compulsorily Convertible Debentures (CCDs) (convertible into 39792720 equity shares as per the terms of the issue) of face value of Rs. 373/- each of JM Financial Asset Reconstruction Company Limited (JMFARC) to JM Financial Credit Solutions Limited (JMFCSL).

JMFARC and JMFCSL both are material subsidiaries of the Company.

Post conversion of the CCDs into equity shares the holding of the Company in JMFARC shall stand reduced from 63.61% to 53.62%.

Kindly take the above on your record.

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