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An update from JM Financial Limited ( (IN:JMFINANCIL) ) is now available.
JM Financial Limited has announced that its wholly owned subsidiary, JM Financial Credit Solutions Limited, has entered into an investment agreement with Bajaj Allianz Life Insurance Company Limited. As part of the agreement, JM Financial Credit Solutions will sell 1,36,46,000 equity shares of JM Financial Home Loans Limited to Bajaj Allianz, reducing its shareholding from 8.98% to 6.88%. This transaction will also decrease JM Financial Limited’s effective shareholding in JM Financial Home Loans from 98.76% to 96.66%. The sale is valued at Rs. 65.50 crore and is expected to be completed by August 31, 2025. This move is likely to impact JM Financial’s operations by altering its equity structure and potentially influencing its market positioning.
More about JM Financial Limited
JM Financial Limited operates in the financial services industry, offering a range of products and services including investment banking, wealth management, and lending solutions. The company focuses on providing financial solutions to a diverse clientele, including corporations, institutions, and individuals.
Average Trading Volume: 383,462
Technical Sentiment Signal: Buy
Current Market Cap: 148.2B INR
See more insights into JMFINANCIL stock on TipRanks’ Stock Analysis page.