JM Financial to increase stake in Credit Solutions, sell 71.79% ARC stake

BSE-listed JM Financial Ltd will acquire a 48.96% stake in its subsidiary JM Financial Credit Solutions Ltd (JMFCSL) from INH Mauritius 1 in two tranches, raising its stake from 89.67% to 95.64%. Concurrently, JM Financial will sell its 71.79% stake in JM Financial Asset Reconstruction Company Ltd (JMFARC) to JMFCSL for ₹856 crore. This restructuring aims to enhance JMFCSL’s distribution and syndication capabilities and align JM Financial’s corporate structure for long-term growth opportunities.