JM Financial earns

JM Financial earns a nod to raise up Rs 850 crores

JM Financial earns a nod to raise Rs 850 crores

New Delhi: To begin with, on Friday, 14th Feb, JM Financial earns shareholders’ nod. So then, they have received an approval to raise to Rs 850 crores through the issuance of securities. Besides, in a regulatory filing, the company stated that at its annual general meeting (AGM) held on Wednesday about the approval. 

Furthermore, it said that 99.94% of votes made a cast in favor of the special resolution. Also, they have approved the resolution to increase investment limits.  So then, this could bring the Foreign Portfolio Investors (FPIs) from 24% to 40% of the paid-up equity share capital. 

However, the shares of JM Financial stood trading at Rs 113.10 apiece on the Bombay Stock Exchange. Also, it stood down by 1.74% from the previous close. 

Meanwhile, S&P BSE Midcap lost 133.97 points reached 15,653.76 level with 0.085% down. Whereas, S&P BSE SmallCap lost 52.50 points reached 14,688.72 level with 0.036% down. 

Besides, the Sensex and Nifty trading with a bearish trend today, on Feb 14th. The Sensex trading with a loss of 223.84 points reached 41,233.82 with 0.54% down. Whereas Nifty trading with a loss of 67.70 points reached 12,105.80 with 0.57% down.

Suzlon Energy reported Q3 Results, the consolidated net loss to Rs 742.91 crore. IRCTC reported Rs 734.98 crores for the quarter ended Dec 2019. Also, Torrent Power reported Q3 results, the consolidated profit by 76% to Rs 420 crore

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