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| Exchange Received Time 19/12/2017 19:41:21 Exchange Disseminated Time 19/12/2017 19:41:24 Time Taken 00:00:03 | Update in respect of a subsidiary company:
Further to our letter dated May 9, 2016, a copy whereof is enclosed for your reference, we wish to inform you that pursuant to further issue of shares by Fairassets Technologies India Private Limited ('Fairassets') the total holding of JM Financial Products Limited, a subsidiary of the Company, in Fairassets has reduced from 9.84% (on a fully diluted basis) to 7.62% (on a fully diluted basis) of the total paid up capital.
We request you to disseminate the above information on your website.
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