JM FINANCIAL LTD. - Disclosure Pursuant To Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015

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23 Sep 2021
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Company has sold and transferred 39,79,272 12% Compulsorily Convertible Debentures ('CCDs') (convertible into 3,97,92,720 equity shares as per the terms of the issue) of face value of Rs. 373/- each of JM Financial Asset Reconstruction Company Limited ('JMFARC'), to JM Financial Credit Solutions Limited ('JMFCSL'). <BR> <BR> JMFARC and JMFCSL, both are material subsidiaries of the Company. <BR> <BR> Post conversion of the CCDs into equity shares, the holding of the Company in JMFARC shall stand reduced from 63.61% to 53.62%.<BR> <BR> Kindly take the above on your record.<BR>
View all announcements for JM FINANCIAL LTD.	Source: BSE India

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