JM Financial moves higher on the BSE
JM Financial is currently trading at Rs. 91.24, up by 3.32 points or 3.78% from its previous closing of Rs. 87.92 on the BSE.
The scrip opened at Rs. 89.44 and has touched a high and low of Rs. 91.92 and Rs. 88.83 respectively. So far 308052 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 168.85 on 21-Oct-2024 and a 52 week low of Rs. 69.00 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 91.92 and Rs. 83.90 respectively. The current market cap of the company is Rs. 8784.20 crore.
The promoters holding in the company stood at 56.43%, while Institutions and Non-Institutions held 24.21% and 19.36% respectively.
JM Financial has sold 57,09,32,034 equity shares held by the Company, representing 71.79% of the equity share capital of JM Financial Asset Reconstruction Company (JMFARC) to JM Financial Credit Solutions (JMFCSL). Post this sale, the Company’s direct holding in JMFARC will be nil, and through JMFCSL will be 81.77%.
Further, the Company, pursuant to the receipt of regulatory approvals, has on March 18, 2025 acquired 12,15,296 equity shares, representing 42.99% of the equity share capital of JMFCSL, from INH Mauritius 1 (INH). The shareholding of the Company in JMFCSL post-acquisition stands at 89.67%.
JM Financial is an integrated financial services group offering a wide range of capital market services to its corporate and individual clients.
