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

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.

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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.

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