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JM Financial Limited ( (IN:JMFINANCIL) ) has issued an update.
JM Financial Limited has announced the acquisition of 2,82,59,725 partly paid equity shares of its subsidiary, JM Financial Asset Management Limited (JMFAMC), on a rights basis. This move, which maintains JM Financial’s 59.54% equity stake in JMFAMC, underscores the company’s commitment to strengthening its investment management arm, potentially enhancing its market position and offering value to its stakeholders.
More about JM Financial Limited
JM Financial Limited operates in the financial services industry, primarily focusing on investment management through its subsidiary, JM Financial Asset Management Limited (JMFAMC). JMFAMC serves as an investment manager for the schemes of JM Financial Mutual Fund, with assets under management totaling ₹13,231.59 Crore as of February 2025.
YTD Price Performance: -26.13%
Average Trading Volume: 248,244
Current Market Cap: 91.87B INR
For detailed information about JMFINANCIL stock, go to TipRanks’ Stock Analysis page.