JM Financial Credit Solutions Ltd (JMFCSL), a wholly owned subsidiary of JM Financial Ltd, has announced plans to divest 2.10% of its equity stake in JM Financial Home Loans Ltd (JMFHLL) to Bajaj Allianz Life Insurance Company.
The transaction involves the sale of 1.36 crore equity shares at a price of ₹48 per share, valuing the deal at ₹65.50 crore. The stake transfer is targeted for completion by August 31, 2025.
Impact on Shareholding
Following the transaction:
- JMFCSL’s direct holding in JMFHLL will decline from 8.98% to 6.88%.
- JM Financial’s overall shareholding in the home loan subsidiary, across all entities, will fall from 98.76% to 96.66%.
Subsidiary’s Financial Snapshot
For the financial year ending March 31, 2025, JM Financial Home Loans Ltd reported:
- Total income: ₹368.45 crore, representing 8.27% of JM Financial’s consolidated income.
- Net worth: ₹797.43 crore, accounting for 8.24% of the group’s consolidated net worth.
Regulatory & Deal Structure
According to JM Financial, the sale does not constitute a related-party transaction and is being executed under an existing investment agreement between JMFCSL and Bajaj Allianz Life Insurance.
About Bajaj Allianz Life Insurance
Bajaj Allianz Life is a joint venture between Bajaj Finserv Ltd and Allianz SE (Germany), operating as a private life insurance provider in India. The company is not affiliated with JM Financial’s promoter or group entities.
Market Reaction
As of 10:56 am on August 11, 2025, JM Financial’s share price was trading at ₹156.29, up 0.64% from the previous close.
Conclusion
The agreement marks a strategic adjustment in JM Financial Home Loans’ ownership structure, with Bajaj Allianz Life Insurance acquiring a minority stake. This move could strengthen the subsidiary’s institutional backing while diversifying its shareholder base.
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