JM Financial has sold 57,09,32,034 equity shares held by the Company, representing 71.79% of the equity share capital of JM Financial Asset Reconstruction Company (JMFARC) to JM Financial Credit Solutions (JMFCSL). Post this sale, the Company’s direct holding in JMFARC will be nil, and through JMFCSL will be 81.77%.
Further, the Company, pursuant to the receipt of regulatory approvals, has on March 18, 2025 acquired 12,15,296 equity shares, representing 42.99% of the equity share capital of JMFCSL, from INH Mauritius 1 (INH). The shareholding of the Company in JMFCSL post-acquisition stands at 89.67%.
JM Financial is an integrated financial services group offering a wide range of capital market services to its corporate and individual clients.
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|---|---|
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| Altius Telecom Infra | 159.05 |
| Authum Inv. & Infra | 459.60 |
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