Corporate News     13-Sep-22
JM Financial gets allots 93.68 lakh equity shares of JM Financial Asset Reconstruction Company
On conversion of Compulsorily Convertible Debentures
JM Financial announced that JM Financial Asset Reconstruction Company (JMFARC) has allotted to the Company, 93,68,320 equity shares of the face value of Rs. 10/- each upon conversion of 9,36,832 12% Compulsorily Convertible Debentures (CCDs) of face value of Rs. 373/- each held by the Company in JMFARC.

JMFARC is a material subsidiary of the Company. Pursuant to the above conversion, the equity holding of the Company in JMFARC stands at 53.62%.

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