JM Financial: Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 (The 'Listing Regulations') | Value Research

JM Financial: Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 (The 'Listing Regulations')

Pursuant to Regulation 30 of the Listing Regulations we wish to inform you that JM Financial Asset Reconstruction Company Limited (JMFARC) has allotted to the Company 93 68 320 (Ninety Three Lakh Sixty Eight Thousand Three Hundred Twenty) equity shares of the face value of Rs. 10/- each upon conversion of 9 36 832 12% Compulsorily Convertible Debentures (CCDs) of face value of Rs. 373/- each held by the Company in JMFARC.For your information JMFARC is a material subsidiary of the Company. Pursuant to the above conversion the equity holding of the Company in JMFARC stands at 53.62%.We request you to disseminate the above information on your website as you may deem appropriate.

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