JM Financial Products Limited NCD Details
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:
- For the purpose of onward lending, financing and repayment/prepayment of interest and principal of existing borrowings of the company.
- For General Corporate Purposes.
Promoters of the Company:
The promoter is JM Financial Limited.
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