JM Financial to buy up to 9.84% in Fairassets Tech

MUMBAI: JM Financial’s subsidiary JM Financial Products has inked a pact to buy up to 9.84% in Fairassets Technologies India for an undisclosed sum.

In reaction to the company’s exchange notification today, the stock rose 2.30% to Rs 42.30.

Fairassets Technologies India is engaged in the business of operating a web portal and mobile application by the name of Faircent.com which provides a virtual peer-to-peer lending marketplace.