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The non-convertible debt issue of JM Financial Credit Solutions will open for subscription on Tuesday and close on December 20. The non-bank firm, jointly promoted by the JM Financial group and INH Mauritius 1 Fund - a global fund led by Vikram Pandit, ex-CEO of Citigroup, plans to raise up to ₹1,250 crore through bonds. While the base size of the issue is ₹250 crore, it has an option to retain oversubscription of ₹1,000 crore. The NCDs will be listed on the BSE.
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