Investment11 Aug 2025, 09:52 pm
JM Financial Subsidiary Sells Shares in IMFHLL to Bajaj Allianz for Rs. 65.50 Crore
AI Summary
JM Financial Credit Solutions Limited (JMFCSL), a wholly owned subsidiary of JM Financial Limited, has agreed to sell 1,36,46,000 equity shares of JM Financial Home Loans Limited (JMFHLL) to Bajaj Allianz Life Insurance Company Limited. The transaction is valued at Rs. 65.50 crore, representing ~2.10% of JMFHLL’s total issued equity share capital. Upon completion, JMFCSL's shareholding in JMFHLL will reduce from 8.98% to 6.88%, and the Company’s effective shareholding in JMFHLL, through its subsidiaries, will reduce from 98.76% to 96.66%.
Key Highlights
- JMFCSL has agreed to sell 1,36,46,000 equity shares of JMFHLL to Bajaj Allianz for Rs. 65.50 crore
- Upon completion, JMFCSL's shareholding in JMFHLL will reduce from 8.98% to 6.88%
- The Company’s effective shareholding in JMFHLL, through its subsidiaries, will reduce from 98.76% to 96.66%
- Bajaj Allianz is one of India's leading private life insurers, formed as a joint venture between Bajaj Finserv Limited and Allianz SE
- The transaction is valued at Rs. 65.50 crore, representing ~2.10% of JMFHLL’s total issued equity share capital