About CoreAspect

Life

JM Financial arm completes stake buy in India Home Loan ;

NEW DELHI: Nimesh Kampani-led JM FinancialBSE 7.05 %’s subsidiary has completed acquisition of 24.5 per cent stake in India Home Loan (IHL) on a preferential allotment basis.

“JM Financial Products Ltd, a subsidiary of the company, on December 2, 2016, acquired further 15,05,650 shares of India Home Loan Ltd (IHL) through the preferential allotment route. After the above acquisition, JM Financial Products holds an aggregate of 34,99,030 shares of IHL, representing 24.5 per cent of the total post-issue paid-up share capital of IHL,” JM Financial said in a regulatory filing.

On October 21, J M Financial had said its subsidiary will acquire 24.5 per cent stake in India Home Loan on a preferential allotment basis.

It said it will transfer the entire equity stake in IHL to a fund/trust to be established and managed or sponsored by JM Financial Investment Managers LtdBSE 1.52 %, the asset management company for alternative asset business in the
group.

A day before the announcement, IHL had said the JM Financial group will buy over 17 per cent stake in India Home Loan from two of its promoters, in addition to 15,05,650 shares allotment on a preferential basis from the company.

Mumbai-based IHL is into the business of offering home loans to individuals and families in the affordable housing segment.

Related posts
Life

Onlinecasino Disconnection Administration | What Goes on into This episode?

Life

This Woman Shows How To Save A Huge Sum Of Money

Life

How to Achieve a Realistic Work Life Balance

Life

Stuck in a Rut? 6 Steps to Break Free and Live a Happy Life Again

Sign up for our Newsletter and
stay informed
[mc4wp_form id="14"]

Leave a Reply

Your email address will not be published. Required fields are marked *

windows 10 pro kaufen windows 10 education kaufen windows 10 enterprise kaufen windows 10 home kaufen office 2019 kaufen office 2013 kaufen office 2016 kaufen office 2019 home business kaufen office 365 kaufen microsoft project 2019 kaufen microsoft project 2016 kaufen visio 2019 kaufen visio 2016 kaufen 360 total security kaufen avast kaufen kaspersky kaufen mcafee kaufen autocad lt kaufen coreldraw kaufen windows 8.1 pro kaufen windows 8.1 enterprise kaufen windows 7 ultimate kaufen windows 7 pro kaufen windows 7 home basic kaufen windows 7 enterprise kaufen windows lizenz kaufen cpluskey.com follower kaufen instagram follower kaufen