JM Financial gets allots 9368 lakh equity shares of JM Financial Asset Reconstruction Company

15 Sep 2022 , 01:32 AM

JM Financial announced that JM Financial Asset Reconstruction Company JMFARC has allotted to the Company 9368320 equity shares of the face value of Rs 10 each upon conversion of 936832 12Percentage 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 5362Percentage