JM FINANCIAL LTD.-$ - 523405 - Announcement under Regulation 30 (LODR)-Allotment
Please note that the Committee of the Board of Directors of the Company (the 'Committee') has, at its meeting held today i.e. June 12, 2020, approved the allotment of 110,000,000 Equity Shares of face value ? 1 each to eligible Qualified Institutional Buyers at the issue price of ? 70/- per Equity Share (including a premium of ? 69/- per Equity Share) aggregating ? 7,700,000,000/- (Rupees Seven Hundred Seventy Crore only), pursuant to the Issue. The Issue opened on June 9, 2020 and closed on June 12, 2020 and the same was intimated to you through our letters dated June 9, 2020 and June 12, 2020 respectively. Additionally, we are enclosing a list of allottees who have been allotted more than five percent (5%) of the Equity Shares offered in the Issue, marked as Annexure A. The meeting of the Committee concluded at 7.15 p.m.12-06-2020