|
| Exchange Received Time 30/03/2017 12:56:59 Exchange Disseminated Time 30/03/2017 12:57:04 Time Taken 00:00:05 | | Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, we wish to inform you that JM Financial Investment Managers Limited ('JM Financial Investment Managers'), a subsidiary of the Company, has executed the share purchase agreement to acquire equity shares of Spandana Sphoorty Financial Limited ('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. |
|
|