GIC, Vikram Pandit, others pump in Rs 875 crores in JM Financial Credit Solutions, says report
Updated : September 28, 2018 09:29 AM IST
JM Financial Credit Solutions, a lender to real estate companies, received Rs 430 crore from GIC and Pandit.
Rs 225 crore came from its parent JM Financial.
The infusion of funds will allow the non-banking financial company (NBFC) to reduce its leverage and grow the loan book.