JM Financial

Meanwhile, according to a note by JM Financial, 66 per cent companies under their coverage saw earnings per share (EPS) cuts for FY25

JM Financial's subsidiary, JM Financial Products can now again offer loans against shares and debentures, according to a brief statement from the financial services group

JM Financial's non-banking unit can now immediately offer loans against shares and debentures, according to a brief statement from the financial services group

JM Financial on Friday said the Reserve Bank of India has lifted restrictions imposed on its subsidiary JM Financial Products Ltd with regard to financing against shares and debentures. "We wish to inform you that the RBI, vide its letter dated October 18, 2024, has lifted the restrictions imposed by it on the company (JM Financial Products Ltd) through its order dated March 5, 2024," JM Financial said in a regulatory filing. With this communication, the company is permitted to provide, with immediate effect, the financing against shares and debentures in compliance with all applicable laws and regulations, it added. On March 5, the RBI barred JM Financial Products Ltd (JMFPL) from giving loans against shares and debentures, including sanction and disbursal of loans for initial public offering (IPO) of shares with immediate effect.

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Based on expectations of the BPC company delivering robust numbers during the festive period this year, JM Financial has raised the target price on Nykaa with an upside of 15 per cent

JM Financial on real estate stocks: Driven by an exceptional performance in financial year 2023-24 (FY24), brokerage firm JM Financial has initiated coverage of the real estate sector

Zoff, founded by brothers Akash Agrawal and Ashish Agrawal, has achieved a 40 per cent compound annual growth rate (CAGR) over the past four years, leveraging e-commerce platforms, they said

JM Financial Private Equity through its arm JM Financial India Growth Fund III on Wednesday invested Rs 40 crore in Asquare Foods and Beverages, the parent company of the direct-to-consumer spice brand Zoff. The fresh capital infusion from JM Financial Private Equity will be used to strengthen brand-building efforts, enhance the existing production capacities, and bolster the company's offline distribution network, the company said statement. "We strongly believe that Zoff can emerge as one of the leading spices brands in the future," Darius Pandole, Managing Director & CEO of Private Equity & Equity AIFs at JM Financial said. Zoff was founded by brothers Akash and Ashish Agrawal. JM Financial Private Equity, part of the JM Financial Group, manages several funds that focus on providing growth capital to high-potential Indian companies. **** Servotech to install 12 EV charging stations in Kerala Servotech Power Systems Ltd on Wednesday said it will install 12 EV charging ...

Capital markets watchdog Sebi has imposed penalty totalling Rs 2 crore on seven entities, including JM Financial Asset Management Ltd, its trustee and its former CEO Bhanu Katoch, for flouting regulatory norms. The fine needs to be paid within 45 days, the Securities and Exchange Board of India (Sebi) said in its order. Individually, a fine of Rs 25 lakh was levied on JM Financial Asset Management, Rs 10 lakh on JM Financial Trustee Company, Rs 1.1 crore on Bhanu Katoch, Rs 17 lakh on his mother Swarn Lata Katoch and Rs 8 lakh on his wife Sharika Kher. Additionally, the regulator slapped a fine of Rs 22 lakh on Deepen Doshi, who was head of institutional sales at JM Financial Asset Management during the violation, and Rs 9 lakh on his mother Aruna Doshi. In its order, Sebi noted that these five persons invested in certain JM Financial Mutual Fund schemes, holding defaulted Dewan Housing Finance Corporation Ltd (DHFL) securities before the valuation change, using unpublished ...

To acquire additional 49% stake in JM Financial Credit Solutions

Broking company stocks including Angel One, IIFL Securities, 5Paisa Capital, SMC Global, Motilal Oswal Financial Services and Geojit Financial Services fell in the range of 2-11 per cent

Markets regulator Sebi on Thursday confirmed the interim directions to bar JM Financial Ltd from acting as a lead manager for public issues of debt securities until March 31, 2025, in a case of alleged irregularities in a public issue of non-convertible debentures (NCDs). The regulator, in a confirmatory order, clarified that the restriction only applies to public issues of debt securities and does not affect JM Financial Ltd (JMFL) other activities, including equity issues. In its interim order issued on March 7, Sebi barred JMFL from taking new mandates as a lead manager for public issues of debt securities due to potential irregularities in a public issue of non-convertible debentures (NCDs). JMFL, as a lead manager, had allegedly irregular practices involving retail investors and associated companies within the JM Group. Sebi, prima facie, found that JM Group entities appeared to incentivise investors to apply for securities in issues managed by JMFL. It noted that significant

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Existing investors to infuse up to Rs 1,000 crore equity

JM Financial Ltd and six others have paid a little over Rs 23 lakh as settlement charges to Sebi to settle a case related to an alleged violation of disclosure rules and merchant banking norms in the matter of Elcid Investments Ltd. JM Financial has paid Rs 15 lakh as a settlement fee, while Mahesh Chimanlal Dalal, Bharat Bhasker Talati, Ketan Chatrabhuj Kapadia, Dipika Amar Vakil, Amrita Amar Vakil, and Varun Amar Vakil paid collectively Rs 8.12 lakh towards the settlement charges, Sebi said in an order on Tuesday. The order came after the applicants proposed to settle the instant proceedings initiated against them, without "admitting or denying the findings of facts and conclusions" of law. The Securities and Exchange Board of India (Sebi) had initiated adjudication proceedings against Dalal, Talati, Kapadia, Dipika Amar Vakil, Amrita Amar Vakil and Varun Amar Vakil for allegedly violating delisting rules, disclosure norms and the Companies Act. In addition, JM Financial Ltd also

Atul Mehra is a veteran dealmaker with over three decades of experience and was the joint MD at JM Financial

Banking regulator seeks interest from Sebi-empanelled audit firms to conduct the audit

Stocks to Watch on Monday, March 11: Sebi has barred JM Financial from accepting new mandates to act as a lead manager for the public issue of debt securities