Home / Markets / News / JM Financial raises Rs 770 cr via QIP, issues 110 mn shares

JM Financial raises Rs 770 cr via QIP, issues 110 mn shares

The company said the issue was subscribed by both domestic as well as foreign investors

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Nearly 110 million shares of the company were issued at Rs 70 per share under the QIP programme

1 min read Last Updated : Jun 15 2020 | 6:08 PM IST

JM Financial on Monday announced that it has raised Rs 770 crore by way of a qualified institutional placement (QIP) programme. The company said the issue was subscribed by both domestic as well as foreign investors.

Nearly 110 million shares of the company were issued at Rs 70 per share under the QIP programme. Shares of JM Financial on Monday closed at Rs 73, down nearly 2 per cent. At the last closing price, the company was valued at Rs 6,145 crore.

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“The equity

Topics : JM Financial Tech IPOs ipo filing IPO activity IPO market

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