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JM Financial’s arm acquires 17.53% stake in IHL

16 Nov 2016 Evaluate

JM Financial’s subsidiary - JM Financial Products has acquired over 19,93,380 shares of India Home Loan (IHL) representing 17.53 percent of the total paid-up equity share capital of IHL through second purchase route.

Earlier on October 20, the company had disclosed its plan of about buying the stake in Mumbai-based IHL by acquiring full holding of one of the promoters and another’s non locked-in shares.

IHL is a housing finance company which offers retail home loan product for affordable housing segment. It offers home loans to customers and for construction of a dwelling unit on an owned plot.


Peers
Company Name CMP
Bajaj Finserv 1657.40
TVS Holdings 11480.00
Cholamandalam Fin. 1330.95
Altius Telecom Infra 174.00
Kama Holdings 2160.00
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