JM Financial Credit Solutions retail and HNI components over-subsrcibed
Retail and HNI portions have received subscriptions of Rs 555 crore and Rs 427 crore, respectively.
By PTI |
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Non-bank lender JM Financial Credit Solutions today said retail and high net individuals' components in its Rs 750-crore bond issue have been oversubscribed on day one, while institutional and corporate portions were yet to.
As against an allocation of Rs 225 crore, the retail and HNI portions have received subscriptions of Rs 555 crore and Rs 427 crore, respectively as of 1700 hrs.
The institutional portion had received 20 per cent subscription, while corporates had received 78 per cent subscription, an official statement said.
As against an allocation of Rs 225 crore, the retail and HNI portions have received subscriptions of Rs 555 crore and Rs 427 crore, respectively as of 1700 hrs.
The institutional portion had received 20 per cent subscription, while corporates had received 78 per cent subscription, an official statement said.
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