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JM Financial Limited ( (IN:JMFINANCIL) ) has provided an update.
JM Financial Limited has announced its acquisition of the remaining 5.97% equity shares in JM Financial Credit Solutions Limited (JMFCSL) from INH Mauritius 1, increasing its stake to 95.64%. This acquisition is expected to enhance JM Financial’s control over JMFCSL, allowing for better capital allocation and increased share in consolidated profits, thereby strengthening its position in the non-banking financial sector.
More about JM Financial Limited
JM Financial Limited operates in the financial industry, primarily focusing on non-banking financial services. The company offers a range of financial solutions, including distribution and syndication across various asset classes, and is known for leveraging its talent pool to enhance its market presence.
YTD Price Performance: -29.94%
Average Trading Volume: 246,133
Current Market Cap: 84.04B INR
For an in-depth examination of JMFINANCIL stock, go to TipRanks’ Stock Analysis page.
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