JM Financial opens QIP issue

Floor price is approved at Rs 161.44 per share

JM Financial announced that the Committee of the Board (the 'Committee') of the Company at its meeting held today has passed the following resolutions in connection with the Issue:

- Approved the opening of the Issue on 30 January 2018;

- Approved and adopted the preliminary placement document dated 30 January 2018, in connection with the Issue, (the "Preliminary Placement Document").

- Approved and taken on record the floor price in respect of the Issue, based on the pricing formula as prescribed under Regulation 85 of the SEBI ICDR Regulations being Rs. 161.44 per Equity Share; and

 

- Approved and taken on record, the 'relevant date' for the above purpose, in terms of Regulation 81(c)(i) of the SEBI ICDR Regulations, which is 30 January 2018.

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