JM Financial to consolidate holding in wholesale debt syndication, ARC units
The board of JM Financial Ltd. on Saturday approved the acquisition of 42.99% stake in JM Financial Credit Solutions Ltd. (JMFCSL) by JM Financial Ltd (JMFL) for about ₹1,282 crore. Post the transaction, the stake held by JMFL in JMFCSL will increase from 46.68% to 89.67%. The Board has also approved the acquisition of 71.79% stake in…
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