A JM spokesperson declined to comment on the matter. The stock was up 9 per cent at Rs. 22.25 at 1:00 PM.
Talk of JM Financial looking to sell a stake to a large corporate has been doing the rounds for a while, brokers said.
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Market is abuzz with speculation that JM may issue warrance to a large foreign financial services firm
First Published: May 16 2013 | 1:04 PM IST