Vikram Pandit and Hari Aiyar will each buy 1.5% stake in JM Financial. Pandit will also be roped in the JM Financial's proposed banking and NBFC entities as non-executive chairman
Citi chief executive Vikram Pandit and his business partner, Hari Aiyer are to buy a 3 percent equity stake in JM Financial Ltd, financial services company through an issue of warrants