Company Profile

JM FINANCIAL LTD.

NSE : JMFINANCILBSE : 523405ISIN CODE : INE780C01023Industry : Finance - InvestmentHouse : JM Finance
BSE68.95-1.45 (-2.06 % )
PREV CLOSE (Rs.) 70.40
OPEN PRICE (Rs.) 70.65
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 64501
TODAY'S LOW / HIGH (Rs.)68.25 70.65
52 WK LOW / HIGH (Rs.)55.5 126
NSE69.00 -1.45 (-2.06 % )
PREV CLOSE(Rs.) 70.45
OPEN PRICE (Rs.) 70.50
BID PRICE (QTY) 69.00 (176 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 1415731
TODAY'S LOW / HIGH(Rs.) 68.10 70.50
52 WK LOW / HIGH (Rs.)55.45 124.7

Company News

Date Heading Details
18-Apr-2020 JM Financial informs about stock options <p align="justify">JM Financial has informed that Nomination and Remuneration Committee of the Board of the Company, at its meeting held on 17th April 2020 has approved the grant of 18,56,913 options giving rise to the issuance of equivalent number of equity shares of the face value of Re 1 each of the Company to the eligible employees. The details of grant, vesting schedule and exercise period in respect of the above options as enclosed. This intimation is uploaded without any physical signature due to the situation arising out of COVID - 19 and ‘Work from Home' policy adopted by the Company. It may be noted that this is in line with the guidelines issued by Stock Exchange on March 24, 2020.</p><p align="justify">The above information is a part of company's filings submitted to BSE.&nbsp;</p>
14-Feb-2020 JM Financial gets shareholders' nod to raise up to Rs 850 crore <p align="justify">JM Financial has received shareholders' approval to raise up to Rs 850 crore through issuance of securities. At annual general meeting (AGM), shareholders have given approval to raise Rs 850 crore. Shareholders have also approved the resolution to increase investment limits by the Foreign Portfolio Investors (FPIs) from 24 per cent to 40 per cent of the paid-up equity share capital of the company.<br></p><p align="justify">JM Financial is an integrated financial services group offering a wide range of capital market services to its corporate and individual clients.<br></p>
12-Feb-2020 JM Financial's arm to open Tranche III issue of secured NCDs <p align="justify">JM Financial's subsidiary -- JM Financial Products has proposed to open Tranche III Issue on February 13, 2020, of Secured, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs) of face value of Rs 1,000 each with a base Issue size of Rs 100 crore with an option to retain oversubscription up to Rs 200 crore aggregating up to Rs 300 crore, which is within the Shelf Limit of Rs 2000 crore.</p><p align="justify">The Tranche III Issue is scheduled to close on March 9, 2020 with an option of early closure or extension as decided by the Board of Directors of the Company (Board) or the NCD Public Issue Committee constituted by the Board.</p><p align="justify">JM Financial is an integrated financial services group offering a wide range of capital market services to its corporate and individual clients.<br></p>
09-Jan-2020 JM Financial's arm to list commercial paper at BSE for issue size of Rs 50 crore <p align="justify">JM Financial's NBFC arm-- JM Financial Products has made an application to list Commercial Paper at BSE for Issue Size of Rs 50 crore. Post process, the effective date of listing for the same at BSE is January 09, 2020.</p><p align="justify">JM Financial is an integrated financial services group offering a wide range of capital market services to its corporate and individual clients.<br></p>
20-Dec-2019 JM Financial to raise Rs 850 crore through various ways <p align="justify">JM Financial has received approval to raise the funds for an aggregate amount of up to Rs 850 crore by way of issue of equity shares and/or any other instruments or securities through qualified institutions placement, private placement / preferential issue / public issue / rights issue or through any other permissible modes and/or combination thereof. The Board of Directors of the Company at its meeting held on December 19, 2019 has approved the same.<br></p><p align="justify">JM Financial is an integrated financial services group offering a wide range of capital market services to its corporate and individual clients.<br></p>
20-Dec-2019 CRISIL, Clariant Chemicals and JM Financial to see some action today <p align="justify"><strong>CRISIL</strong> is planning to acquire Greenwich Associates LLC, a leading provider of proprietary benchmarking data, analytics and qualitative, actionable insights that helps financial services firms worldwide measure and improve business performance. The acquisition will complement the company's existing portfolio of products and expand offerings to new segments across financial services including commercial banks and asset and wealth managers. The deal will accelerate the company's strategy to be the leading player in the growing market of global benchmarking analytics.<br></p><p align="justify"><strong>Clariant Chemicals (India)</strong> has received approval for the sale of Masterbatch Business to PolyOne Polymers India or its affiliate in India, on a going concern basis by way of slump sale. The consideration to be received from the above sale will be Rs 426 crore. The Board of Directors of the Company at its meeting held on December 19, 2019 has approved the same.<br></p><p align="justify"><strong>JM Financial</strong> has received approval for to raise the funds for an aggregate amount of up to Rs 850 crore by way of issue of equity shares and/or any other instruments or securities through qualified institutions placement, private placement / preferential issue / public issue / rights issue or through any other permissible modes and/or combination thereof. The Board of Directors of the Company at its meeting held on December 19, 2019 has approved the same.<br></p><p align="justify"><strong>Tata Motors</strong> has unveiled India's Own Electric SUV - the Nexon EV, an aspirational SUV for personal car buyers looking for a thrilling, connected drive experience with zero emissions. Powered by the cutting-edge Ziptron technology, this vehicle promises an efficient high voltage system, zippy performance, long-range, fast charging capability, extended battery life and class leading safety features. Scheduled to be launched in January 2020, the Nexon EV is expected to be priced between Rs 15 to 17 lakh.<br></p><p align="justify"><strong>Dwarikesh Sugar Industries</strong> has commissioned its new 100 KLPD distillery plant at its Dwarikesh Nagar unit, Bundki, in Bijnor District. Using state-of-the art technology, this project commenced in late 2018. The company invested in waste water recovery and zero liquid discharge, strengthening its credentials to grow sustainably around an environment-friendly foundation.<br></p><p align="justify"><strong>Sterlite Technologies</strong> (STL), in partnership with Cognity, a leading European systems integrator, has signed a multi-year, multi-million dollar strategic digital transformation agreement with Telekom Albania, the first mobile communications company in Albania.<br></p><p align="justify"><strong>Shoppers Stop</strong> has opened its 3 stores at Elpro City Square - Pune, Utkal Kanika Galleria Mall - Bhubaneshwar and Crown Mall - Lucknow. With the opening of these stores, the company has now 89 ‘Shoppers Stop' stores (including five airport stores) under its operations.<br></p>
20-Dec-2019 JM Financial gains on getting nod to raise Rs 850 crore through various ways <p align="justify">JM Financial is currently trading at Rs. 93.80, up by 1.90 points or 2.07% from its previous closing of Rs. 91.90 on the BSE.<p align="justify">The scrip opened at Rs. 97.00 and has touched a high and low of Rs. 97.00 and Rs. 93.65 respectively. So far 77646 shares were traded on the counter.<p align="justify">The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 100.00 on 22-Nov-2019 and a 52 week low of Rs. 61.45 on 02-Aug-2019.<p align="justify">Last one week high and low of the scrip stood at Rs. 98.00 and Rs. 90.35 respectively. The current market cap of the company is Rs. 7948.09 crore.<p align="justify">The promoters holding in the company stood at 62.06%, while Institutions and Non-Institutions held 24.01% and 13.93% respectively.<p align="justify">JM Financial has received approval to raise the funds for an aggregate amount of up to Rs 850 crore by way of issue of equity shares and/or any other instruments or securities through qualified institutions placement, private placement / preferential issue / public issue / rights issue or through any other permissible modes and/or combination thereof. The Board of Directors of the Company at its meeting held on December 19, 2019 has approved the same.<p align="justify">JM Financial is an integrated financial services group offering a wide range of capital market services to its corporate and individual clients.</p>
12-Sep-2019 JM Financial acquires CCDs worth Rs 183.37 crore of JMFARC <p align="justify">JM Financial has acquired 49,16,104 Compulsorily Convertible Debentures (CCDs) (convertible into 4,91,61,040 equity shares as per the terms of the issue) of face value of Rs 373 each for cash aggregating Rs 183.37 crore of JM Financial Asset Reconstruction Company (JMFARC), a material subsidiary of the company.<br></p><p align="justify">The aforesaid CCDs have been allotted by JMFARC on September 11, 2019 to the company consequent upon its subscription in the Rights Offer made by JMFARC.<br></p><p align="justify">JM Financial is an integrated financial services group offering a wide range of capital market services to its corporate and individual clients.<br></p>
12-Sep-2019 JM Financial edges higher after acquiring CCDs worth Rs 183.37 crore of JMFARC <p align="justify">JM Financial is currently trading at Rs. 74.90, up by 0.50 points or 0.67% from its previous closing of Rs. 74.40 on the BSE.<br></p><p align="justify">The scrip opened at Rs. 75.00 and has touched a high and low of Rs. 75.80 and Rs. 74.25 respectively. So far 7607 shares were traded on the counter.<br></p><p align="justify">The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 113.40 on 14-Sep-2018 and a 52 week low of Rs. 61.45 on 02-Aug-2019.<br></p><p align="justify">Last one week high and low of the scrip stood at Rs. 76.00 and Rs. 72.30 respectively. The current market cap of the company is Rs. 6298.55 crore.<br></p><p align="justify">The promoters holding in the company stood at 62.01%, while Institutions and Non-Institutions held 23.77% and 14.22% respectively.<br></p><p align="justify">JM Financial has acquired 49,16,104 Compulsorily Convertible Debentures (CCDs) (convertible into 4,91,61,040 equity shares as per the terms of the issue) of face value of Rs 373 each for cash aggregating Rs 183.37 crore of JM Financial Asset Reconstruction Company (JMFARC), a material subsidiary of the company.</p><p align="justify">The aforesaid CCDs have been allotted by JMFARC on September 11, 2019 to the company consequent upon its subscription in the Rights Offer made by JMFARC.</p><p align="justify">JM Financial is an integrated financial services group offering a wide range of capital market services to its corporate and individual clients.</p><p align="justify"><br></p>
12-Sep-2019 JM Financial informs about acquisition <p align="justify">JM Financial has informed about acquisition.</p><p align="justify">The above information is a part of company's filings submitted to BSE.<br></p>