Former Citi CEO Pandit, GIC, others invest $120m in JM Financial arm

Former Citi CEO Pandit, GIC, others invest $120m in JM Financial arm

Photo: Reuters

Citigroup Inc.’s former chief executive Vikram Pandit, Singapore’s sovereign wealth fund GIC, JM Financial Ltd (JMFL) and other investors have invested ₹875 crore in JM Financial Credit Solutions Ltd, a lender to real estate companies.

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