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SHIRSENDU KARMAKAR
CCI approves JM Financial's 43% stake buy in JM Fin Credit Solutions JM Financial Credit Solutions is an RBI-registered systemically important non-deposit-taking non-banking finance company (NBFC). It is a subsidiary of JM Financial Ltd (JMFL) Fair trade regulator CCI on Tuesday cleared JM Financial's proposed acquisition of a 43 per cent stake in JM Financial Credit Solutions Ltd. JM Financial Credit Solutions is an RBI-registered systemically important non-deposit-taking non-banking finance company (NBFC). It is a subsidiary of JM Financial Ltd (JMFL). It is engaged in wholesale lending activities with a primary focus on real estate financing and corporate financing. "The proposed combination envisages acquisition of 42.99 per cent of the total paid-up share capital of JM Financial Credit Solutions Ltd (JMFCSL) by JM Financial Ltd (JMFL)," CCI said in a release. ©SHIRSENDU KARMAKAR #CCI
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