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JM Financial Buys Remaining 2.98% Stake in JM Financial Credit Solutions

Written by: Team Angel OneUpdated on: 2 Jul 2025, 4:09 pm IST
JM Financial has acquired the remaining 2.98% stake in JM Financial Credit Solutions, making it a wholly-owned subsidiary through a ₹88.97 crore cash deal.
JM Financial Buys Remaining 2.98% Stake in JM Financial Credit Solutions
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

JM Financial Limited has acquired the remaining 2.98% stake in JM Financial Credit Solutions Ltd (JMFCSL) from Moraine Master Fund LP. The deal involved 84,343 equity shares and was completed on July 1, 2025. The transaction was executed through a share purchase agreement signed on June 27.

Deal Value and Consideration

The acquisition was made for approximately ₹88.97 crore. The entire transaction was conducted through cash consideration. No regulatory approvals were required for this acquisition.

With this, JM Financial’s shareholding in JMFCSL has increased from 97.02% to 100%. JMFCSL is now a wholly-owned subsidiary of the company. The acquisition falls under related party transactions but was not classified as an arm’s length transaction.

JM Financial Credit Background

JM Financial Credit Solutions is a non-banking financial company (NBFC), registered with the Reserve Bank of India. It is categorised as a systemically important, non-deposit-taking NBFC under the RBI’s Middle Layer classification. The company was incorporated on May 15, 1980.

JMFCSL reported a turnover of ₹826.23 crore for FY 2024-25. This compares to ₹1,304.82 crore in FY 2023-24 and ₹1,172.54 crore in FY 2022-23. The company operates in India and offers secured lending products.

Read More: LTIMindtree Simplifies GCC Expansion with New GCC-as-a-Service Offering!

JM Financial Share Price Performance 

As of 10:37 AM on July 2, 2025, JM Financial share price was at ₹157.91, a 0.50% decrease. The stock is down 7.53% over the past 6 months and 2.81% over the past year.

Conclusion

JM Financial now holds complete ownership of its material subsidiary, JMFCSL. The deal adds clarity to the group’s structure and completes the consolidation of its lending operations.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Jul 2, 2025, 10:39 AM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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