JM Financial Products Limited NCD

JM Financial Products Limited NCD Details

NCD Ratings:

CRISIL rated these NCDs as AA/stable and ICRA as AA. The rating of the NCDs indicates that instruments with this rating are considered to have a high degree of safety regarding timely servicing of financial obligations.

About the company:

JM Financial was incorporated in 1984. JM Financial Products Limited is a Non-Deposit taking NBFC authorized by RBI. The company is engaged in providing financial services mainly in the area of vehicle leasing and lease syndication. The company offers a gamut of financial services through participation in securities lending, distribution, issuance and syndication.

Based on customers’ needs the company offers secured and unsecured loans.

Public issue of secured redeemable, Non-Convertible Debentures.

Objective of NCD JM Financial Products Limited NCD:

  1. For the purpose of onward lending, financing and repayment/prepayment of interest and principal of existing borrowings of the company.
  2. For General Corporate Purposes.

Promoters of the Company:

The promoter is JM Financial Limited.

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