JM Financial Ltd.

JM Financial has entered into Share Purchase Agreement (SPA) with INH Mauritius 1 (INH) for acquiring the balance 1,68,791 equity shares, representing 5.97% of the equity share capital of JM Financial Credit Solutions (JMFCSL), held by INH. Pursuant to this acquisition, the shareholding of the company in JMFCSL will be 95.64%. 

The Proposed Acquisition provides the company the ability to leverage its talent pool to significantly scale up the distribution and syndication businesses across asset classes. The company’s share in the consolidated profits shall increase and accordingly shall have enhanced control of JMFCSL including capital allocation and distribution of profits. The said acquisition is expected to be completed on or before August 31, 2025 or any such extended date mutually determined and agreed by the parties. Cost of acquisition is around Rs 178.05 crore. 

JM Financial is an integrated financial services group offering a wide range of capital market services to its corporate and individual clients.