Just read this note and let me know what these guys were basing their advice on? See anyone can go wrong with his analysis on stocks but for someone who tries to sell the stock to investors when a company is 2 years away from commercial production is certainly doing no good.

 

 

 

JM Financial Group subsequently entered into an equity partnership with Morgan Stanley in 1999. Morgan Stanley is one of the world’s leading financial services firms with approximately 45,000 employees in 390 offices across 23 countries worldwide. Morgan Stanley has a presence in almost every financial market.

The partnership led to the setting up of two joint venture companies, JM Morgan Stanley Private Limited, with interests in the areas of investment banking, retail distribution, private wealth management and fixed income securities and JM Morgan Stanley Securities Private Limited with operations in institutional equity sales and trading. While JM Financial Group holds 51% of JM Morgan Stanley Private Limited with 49% being held by Morgan Stanley, in JM Morgan Stanley Securities Private Limited, 51% is held by Morgan Stanley and 49% by J M Financial Group. JM Morgan Stanley Private Limited operates in the areas of retail distribution and fixed income sales & trading through two wholly owned subsidiaries viz, JM Morgan Stanley Financial Services Private Limited and JM Morgan Stanley Fixed Income Securities Private Limited.

JM Financial Limited has approved the merger of JM Securities Pvt Ltd, a JM Financial group company with itself. This merger is subject to satisfactory receipt of all statutory, regulatory, corporate and other approvals as may be required, including but not limited to, the approval of relevant High Court, Reserve Bank of India, Stock Exchange, Securities and Exchange Board of India and shareholders. After the proposed merger, JM Financial will expand its interests to Equity Broking, Investment Banking, Retail and Fixed Income Broking, Asset Management, Commodities Broking and Equity Financing Business.