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.
