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JM Group entities — JM Financial, JM Financial Services and JM Financial Products — have settled with markets regulator Sebi a case of alleged irregularities in managing public issue of NCDs of Piramal Enterprises after paying Rs 3.92 crore. Additionally, JM Financial Ltd (JMFL) and JM Financial Services Ltd (JMFSL) disgorged illegal gains worth Rs 1.22 crore and Rs 1.33 crore, respectively, according to a settlement order passed by Sebi on September 19.