JM Financial is currently trading at Rs. 90.45, up by 1.35 points or 1.52% from its previous closing of Rs. 89.10 on the BSE.
The scrip opened at Rs. 90.75 and has touched a high and low of Rs. 93.00 and Rs. 89.70 respectively. So far 3369119 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 93.00 on 30-Mar-2017 and a 52 week low of Rs. 37.90 on 01-Apr-2016.
Last one week high and low of the scrip stood at Rs. 93.00 and Rs. 80.50 respectively. The current market cap of the company is Rs. 7194.42 crore.
The promoters holding in the company stood at 65.33%, while Institutions and Non-Institutions held 17.58% and 17.10% respectively.
JM Financial’s subsidiary - JM Financial Investment Managers, has executed the share purchase agreement to acquire equity shares of Spandana Sphoorty Financial (Spandana) through a secondary purchase in two tranches representing 16.26% of its current outstanding total equity shares. On a fully diluted basis, the said acquisition would result in the holding of 6.41% in Spandana post the preferential issue and exercise of the warrants/ESOPs by the promoters/employees of Spandana as per the other agreements executed by Spandana.
JM Financial is an integrated financial services group offering a wide range of capital market services to its corporate and individual clients.