M&A

M&A

JM Financial to invest Rs.426-Cr to increase holdings in wholesale debt syndication, ARC arms

Press Release  

Publicly listed JM Financial Ltd (JMFL) is to consolidate its holdings in wholesale debt syndication business, JM Financial Credit Solutions Ltd (JMFCSL) and distressed credit business, JM Financial Asset Reconstruction Company Ltd (JMFARC).The proposed transaction will result in a net cash outflow of INR 426 crore from JMFL.