JM Financial to consider preferential issue on May 16, 2013

A meeting of the Board of Directors of JM Financial Ltd will be held on May 16, 2013, to consider the issuance of Warrants to the investor(s) on a preferential basis in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 and to consider other allied matters.

Shares of JM Financial Ltd was last trading in BSE at Rs.23.55, up by Rs.3.25 or 16.01%. The stock hit an intraday high of Rs.24.35 and low of Rs.20.10.

The total traded quantity was 77.72 lakhs compared to 2 week average of 10.05 lakhs.

Source : Equity Bulls

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