JM Financial has received approval from Board of Directors to enter into Business Transfer Agreement (BTA) with JM Financial Services (JMFSL), a wholly-owned subsidiary of the Company for transfer of the Private Wealth business of the Company through the slump sale on a going concern basis. The business transfer would become effective from April 1, 2025.
The Board of Directors of the company at its meeting held on March 17, 2025 has approved the same.
JM Financial is an integrated financial services group offering a wide range of capital market services to its corporate and individual clients.
