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| Exchange Received Time 27/09/2018 13:57:10 Exchange Disseminated Time 27/09/2018 13:57:18 Time Taken 00:00:08 | Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that JM Financial Limited ("the Company") has entered into a Subscription and Shareholders' Agreement today with JM Financial Credit Solutions Limited ('JMFCSL'), a subsidiary of the Company, and other investors for a primary equity infusion of upto Rs. 875 Crore in JMFCSL. Pursuant to this Agreement the Company has agreed to subscribe up to 89,268 equity shares of JMFCSL including 19,837 partly paid up equity shares of the face value of Rs. 10/- each for an amount aggregating upto Rs. 225 Crore. External financial investors will be subscribing to equity shares of JMFCSL for an amount upto Rs. 650 Crore.
A copy of the Press Release being issued by the Company in this regard is attached hereto.
The details as required under Part A of Annexure I of SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015, are given in the Annexure hereto.
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