SEBI Restricts JM Financial from Taking New Mandates for Bond Issuances

In a significant development within India's financial sector, the Securities and Exchange Board of India (SEBI), the country's capital markets watchdog, has issued an interim order disallowing JM Financial Limited from acquiring new mandates for managing bond issuance processes. This move reflects the regulator's action in maintaining market integrity and safeguarding investor interests, following undisclosed considerations that warranted such regulatory measures.

Company Profile

JM Financial Limited stands recognized as a multi-faceted financial service provider, with a portfolio encompassing a variety of services. As a predominant holding entity, the company offers expert advisory services in debt and equity capital markets. It masterfully handles capital markets transactions, merging and acquisition guidance, private equity syndication, and a comprehensive array of corporate finance advisory services. Moreover, JM Financial administers the management of private equity funds.

At the heart of JM Financial's operations lies its investment banking, wealth management, and securities business. These branches of the company engage in both fee-based and fund-based activities, such as mortgage lending, which incorporates wholesale mortgage lending as well as retail mortgage lending that includes home financing and educational institution loans. In addition, the company's business interests extend to non-banking financial operations (NBFC) and asset reconstruction, forming part of its fund-based segment. Also noteworthy is its alternative asset management arm, responsible for managing investment funds derived from both institutional and non-institutional investors under various investment schemes.

SEBI, JMFinancial, bonds