Fundraising of Rs.650 Crore through QIP. Recorded the first-ever public issue of secured NCDs of Rs.750 Cr in JM Financial Credit Solutions Limited. Announced equity fundraise in JMFCSL of up to Rs.875 crore.
JM Financial Group forayed into the financial sector services as JM Financial & Investment Consultancy Services Pvt. Ltd. (JMFICS) in Mumbai in 1973.
Over the past four decades, the Group has achieved many industry firsts. For instance, it was the first to introduce fully convertible debentures in the Indian Capital Market. It also introduced the first private sector Mutual Fund under JM Financial Asset Management, among many other pioneering feats.
JM Financial has consolidated its position and emerged as a strong, respected, and diversified financial services player. The journey has been steady and remarkable filled with growth and success. Some of the key milestones and highlights of the Group are listed below:
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2018 - till Date -
2012Managed India’s first IDR issue.
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2006-2002Recorded three firsts in India - first Indian dual-tranche FCCB issue, first billion-dollar IPO, first conditional IP.
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1994JM Financial gets listed with an IPO - IFC Washington acquires a stake at 15%.
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1986JM Financial Share & Stockbrokers Limited, now known as JM Financial Limited (holding company), was incorporated to engage in the business of Stock Broking and Securities.
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1997JMFICS became the first to introduce fully convertible debentures in Indian Capital Markets.
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1973JM Financial & Investment Consultancy Services Pvt. Ltd. (JMFICS), established in Mumbai.