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JM Financial Ltd is an integrated and diversified financial services group. Its primary businesses include mortgage lending, distressed credit, asset management. It is also engaged in investment banking and the management of private equity funds.
JM Financial allotted 6,479 new equity shares (₹1 FV) from employee stock option exercises. This increases the company's paid-up equity capital to ₹95.64 Cr (95.64 Cr shares), resulting in minor dilution from ESOPs.
JM Financial's subsidiary, JM Financial Credit Solutions, has completed the sale of a stake in its home loans arm, JM Financial Home Loans (JMFHLL), to Bajaj Allianz Life Insurance. The deal involved selling 1.36 crore shares of JMFHLL at Rs. 48 each, totaling Rs. 65.50 crore. This transaction reduces JM...
JM Financial's subsidiary, JM Financial Credit Solutions, is divesting a 2.10% equity stake in its home loans arm, JM Financial Home Loans (JMFHLL), to Bajaj Allianz Life Insurance. The sale of 1.36 crore shares is valued at Rs. 65.50 crore. This transaction will slightly reduce JM Financial's effective holding in...
JM Financial will hold its 40th Annual General Meeting (AGM) virtually. Shareholders can access the AGM Notice and Annual Report (FY24-25) via web-link or QR code. Key for physical shareholders: complete mandatory KYC (PAN, bank, nomination details) for electronic dividend payments. E-voting is available for shareholders to cast votes remotely,...
JM Financial transferred its Private Wealth Management Division to its wholly-owned subsidiary, JM Financial Services, streamlining operations. The company reported a total turnover of ₹1,037.27 Crore and net worth of ₹4,461.45 Crore for FY 2024-25. Investment Banking successfully executed 25 ESG-aligned deals. The company settled a SEBI matter for ₹0.15...