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Goldman Sachs in talks with JM Financial to buy stake: Report

09 Oct 2012 Evaluate

Goldman Sachs is reportedly in talks with JM Financial to acquire promoters’ stake in the company. The promoters are likely to sell part or complete stake in the company to Goldman Sachs. However, the company has not yet confirmed anything on the said market speculation.

Earlier in September this year, JM Financial Products, wholly owned subsidiary of JM Financial offloaded its entire stake of around two percent in Max India for nearly Rs 100 crore through open market transactions.

JM Financial is an integrated financial services group, offering a wide range of services to a significant clientele that includes corporations, financial institutions, high net-worth individuals and retail investors.

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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