JMG Corporation Limited (BSE:523712) announced that it will issue 3,357,895 equity shares of face value of INR 2.50 per share at an issue price of INR 3.17 per share for gross proceeds of INR 10,644,527.15 on November 26, 2020. The transaction will include participation from Powerpact Agriculture LLP. The transaction has been approved by the board of directors of the company. The transaction is subjected to approval of shareholders , in annual general meeting held on 29, December 2020.