JM Financial Ltd.

BSE: 523405 | NSE: JMFINANCIL
Small Cap | Finance - Investment
144.30
-0.55 (-0.38%)
< Home < Back

JM Financial rises on acquiring 2.98% stake in JM Financial Credit Solutions

Date: 02-07-2025

JM Financial is currently trading at Rs. 159.10, up by 0.40 points or 0.25% from its previous closing of Rs. 158.70 on the BSE.

The scrip opened at Rs. 158.75 and has touched a high and low of Rs. 161.55 and Rs. 157.45 respectively. So far 223562 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 168.85 on 21-Oct-2024 and a 52 week low of Rs. 78.00 on 07-Apr-2025.

Last one week high and low of the scrip stood at Rs. 165.55 and Rs. 150.10 respectively. The current market cap of the company is Rs. 15222.10 crore.

The promoters holding in the company stood at 56.50%, while Institutions and Non-Institutions held 24.56% and 18.95% respectively.

JM Financial has completed the acquisition of 84,343 equity shares, representing 2.98% of the equity share capital of JM Financial Credit Solutions (JMFCSL), from Moraine Master Fund LP. Pursuant to the completion of the aforesaid acquisition, JMFCSL has become the company’s wholly owned subsidiary with 100% control over JMFCSL. 

Earlier, the company had entered into a Share Purchase Agreement (SPA) with Moraine Master Fund LP for the said transaction.

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