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JM unit to sell 2.1% to Bajaj Allianz
Mint Kolkata
|August 11, 2025
M Financial Credit Solutions Ltd (JMFCSL), a wholly-owned subsidiary of JM Financial, on Sunday said it will sell a 2.1% stake in its home loans subsidiary to Bajaj Allianz Life Insurance Co. for ₹65.50 crore.
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In a regulatory filing on Sunday, JM Financial said JMFCSL has executed an investment agreement with Bajaj Allianz Life Insurance to sell 1.36 crore equity shares, representing a 2.1% stake in JM Financial Home Loans Ltd (JMFHLL) at ₹48 apiece.
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