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JM Financial Limited ( (IN:JMFINANCIL) ) just unveiled an update.
JM Financial Limited has increased its stake in its material subsidiary, JM Financial Credit Solutions Limited (JMFCSL), to 97.02% by acquiring additional equity shares. This strategic move is aimed at increasing the company’s share in consolidated profits and enhancing its control over JMFCSL, particularly in capital allocation and profit distribution.
More about JM Financial Limited
JM Financial Limited operates in the financial industry, focusing on non-banking financial services. The company is involved in various financial solutions and services, with a market focus on enhancing its control and profitability through strategic acquisitions.
YTD Price Performance: -24.51%
Average Trading Volume: 247,836
Current Market Cap: 93.87B INR
See more data about JMFINANCIL stock on TipRanks’ Stock Analysis page.