JM Financial Ltd to acquire 2.98% stake in JM Financial Credit Solutions Ltd from Moraine Master Fund LP

JM Financial Limited (the "Company") on June 27, 2025 has entered into a Share Purchase Agreement ("SPA") with Moraine Master Fund LP (the "MMF") for acquiring from them, 84,343 equity shares, representing 2.98% of the equity share capital of JM Financial Credit Solutions Limited ("JMFCSL"), held by MMF.

Upon completion of the above acquisition, JMFCSL would become the Company's wholly owned subsidiary with 100% shareholding in it.

JMFCSL is registered with the RBI as a Systemically Important Non-Deposit taking NBFC. Further, in accordance with the Scale Based Regulations issued by RBI, it is classified as a Middle Layer NBFC (NBFC-ML).

Shares of JM Financial Limited was last trading in BSE at Rs. 159.35 as compared to the previous close of Rs. 155.95. The total number of shares traded during the day was 473476 in over 3507 trades.

The stock hit an intraday high of Rs. 160.95 and intraday low of 154.80. The net turnover during the day was Rs. 75008880.00.

Source : Equity Bulls

Keywords

JMFinancial INE780C01023 SPA MoraineMasterFundLP StakeAcquisition JMFinancialCreditSolutions