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| Exchange Received Time 25/05/2018 20:13:06 Exchange Disseminated Time 25/05/2018 20:13:11 Time Taken 00:00:05 | We refer to our various letters dated April 16, 2018, July 18, 2017 and March 30, 2017 (copies enclosed for your ready reference) on the captioned matter.
Please note that in line with our earlier communication dated March 30, 2017, our subsidiary company, viz., JM Financial Products Limited, (JM Financial Products) has transferred 18,37,312 equity shares in Spandana Sphoorty Financial Limited (Spandana) to JM Financial India Fund II (a scheme of JM Financial India Trust II, a SEBI registered Category II Alternate Investment Fund).
With the above transfer and conversion of preference shares by a few shareholders of Spandana, JM Financial Products' holding in Spandana has reduced to 3.75% of its existing outstanding total equity shares and on a fully diluted basis it has reduced to 3.39%.
We request you to disseminate the above information on your website.
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