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JM Financial hikes stake in JM Financial ARC to 50.01%

01 Oct 2016 Evaluate

JM Financial has hiked stake in JM Financial Asset Reconstruction Company (JM Financial ARC) and therefore JM Financial ARC has become a subsidiary of the company with effect from September 30, 2016. The shareholding of the company in JM Financial ARC has increased from 50% to 50.01%.

JM Financial is an integrated financial services group offering a wide range of capital market services to its corporate and individual clients.

Peers
Company Name CMP
Bajaj Finserv 1741.00
TVS Holdings 11754.85
Cholamandalam Fin. 1400.55
Altius Telecom Infra 173.02
Kama Holdings 2226.00
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