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BRIEF-JM financial unit to buy shares of Spandana Sphoorty Financial
March 30, 2017 / 7:36 AM / 8 months ago

BRIEF-JM financial unit to buy shares of Spandana Sphoorty Financial

March 30 (Reuters) - JM Financial Ltd

* Says unit Jm Financial Investment managers executed share purchase agreement to buy shares of Spandana Sphoorty Financial

* Says acquisition would result in holding of 6.41 percent in Spandana

* Says deal via secondary purchase in two tranches representing 16.26% of Sphoorty’s current outstanding total equity shares

* Says total consideration for proposed acquisition to be INR 810 million

* Says proposed acquisition is for cash Source text: bit.ly/2odD9p4 Further company coverage:

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