JM Financial Invests Rs.33.70 Cr in Overseas Subsidiary

JM Financial Limited subscribed to 24,25,000 ordinary shares of wholly owned subsidiary JMFOHPL for USD 3.59 million (~Rs. 33.70 Crore).
Subscription priced at USD 1 per share plus USD 0.48 premium; JMFOHPL remains 100% held by JM Financial post-transaction.
Purpose is to support overseas business expansion of JMFOHPL, including incorporation of new subsidiaries in Mauritius.
Disclosure filed under Regulation 30 of SEBI LODR; no regulatory approvals required, completion expected within ~3 months.