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JM Financial’s NBFC arm to raise Rs 1,000 crore via NCDs

JM Financial’s NBFC arm to raise Rs 1,000 crore via NCDs

JM Financial’s NBFC arm– JM Financial Products is raising up to Rs 1,000 crore through a non-convertible debentures (NCDs) of different maturities. The base size of the issue is Rs 200 crore with an option to retain over subscription up to Rs 800 crore. The company’s public issue of NCDs will enable it to further diversify its funding sources.

JM Financial is an integrated financial services group offering a wide range of capital market services to its corporate and individual clients.

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