JM Financial plans to raise $100m through QIP route

JM Financial plans to raise $100m through QIP route

Photo: Reuters

JM Financial Ltd on Tuesday announced a qualified institutional placement (QIP) to raise about $100 million from financial institutions. Investment bank IDFC Securities is advising the financial services firm on the fund-raising.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter