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JM Financial Limited ( (IN:JMFINANCIL) ) has shared an update.
JM Financial Limited has announced a strategic restructuring of its holdings in its subsidiaries. The company sold a significant portion of its equity shares in JM Financial Asset Reconstruction Company Limited to JM Financial Credit Solutions Limited, effectively transferring its direct holding to an indirect one through JMFCSL. Additionally, JM Financial Limited acquired a substantial stake in JM Financial Credit Solutions Limited from INH Mauritius 1, increasing its shareholding to 89.67%. These moves are part of JM Financial’s broader strategy to streamline its operations and enhance its control over its subsidiaries, potentially impacting its market positioning and stakeholder interests.
More about JM Financial Limited
JM Financial Limited operates in the financial services industry, offering a range of services including investment banking, wealth management, and asset management. The company is focused on providing financial solutions and services to a diverse clientele, positioning itself as a key player in the financial sector.
YTD Price Performance: -35.36%
Average Trading Volume: 244,905
Current Market Cap: 85.16B INR
See more data about JMFINANCIL stock on TipRanks’ Stock Analysis page.