Acquisitions1 Jul 2025, 03:29 pm
JM Financial Ltd Acquires 100% Stake in JM Financial Credit Solutions Ltd for Rs. 88.97 Crore
AI Summary
JM Financial Ltd has completed the acquisition of 84,343 equity shares, representing 2.98% of the equity share capital of JM Financial Credit Solutions Ltd (JMFCSL) from Moraine Master Fund LP. This acquisition has made JMFCSL a wholly owned subsidiary of JM Financial Ltd with 100% control over JMFCSL. The acquisition was done through a Share Purchase Agreement (SPA) on June 27, 2025, for a consideration of Rs. 88.97 Crore. Post-acquisition, JM Financial Ltd holds 100% shareholding in JMFCSL.
Key Highlights
- JM Financial Ltd has acquired 100% stake in JM Financial Credit Solutions Ltd for Rs. 88.97 Crore.
- JMFCSL has become a wholly owned subsidiary of JM Financial Ltd with 100% control over it.
- The acquisition was done through a Share Purchase Agreement (SPA) with Moraine Master Fund LP.
- Post-acquisition, JM Financial Ltd holds 100% shareholding in JMFCSL.
- JMFCSL is a Systemically Important Non-Deposit NBFC, registered with the RBI, and is classified as a Middle Layer NBFC.