JRG Securities to come up with public issue

Mumbai, Mar 23 (UNI) JRG Securities has proposed to enter the capital market with a public issue of 36,25,000 equity shares of Rs 10 each at a premium of Rs 30 per share, aggregating to Rs 14.50 crore.

The company, engaged in the business of broking on the Indian equity and commodity markets, distribution of financial products including mutual funds and direct broking of life and non-life insurance products, will invest the funds raised through the public issue into technology upgrading, besides establishing 30 new regional offices across the country, a release issued here today said.

The company is also considering the formation of a subsidiary unit and a limited liability company in Dubai. It has also proposed to secure necessary memberships and approvals to commence capital market operations in the middle-east and for commodities trading on the Dubai Gold and Commodity Exchange, the release added.

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