August 11, 2025

Big news from JM Financial! Its credit arm, JM Financial Credit Solutions Ltd, is selling a 2.1% stake in its home loans company to Bajaj Allianz Life Insurance for a whopping Rs 65.5 crore. The deal was officially announced on Sunday through a regulatory filing. Here’s the spicy detail: JM Financial Credit Solutions will sell 1.36 crore equity shares in JM Financial Home Loans Ltd (JMFHLL) at Rs 48 per share. This sale drops its holding from 8.98% to 6.88%. In one big move, JM Financial’s overall stake in its home loans subsidiary (including all its subsidiaries) will fall from 98.76% to 96.66%. JMFHLL is no small player; it reported a total income of Rs 368.45 crore in the financial year ending March 31, 2025. That’s a solid 8.27% of JM Financial’s total consolidated income! Also, its net worth is a strong Rs 797.43 crore, contributing 8.24% to the group’s net worth. But wait, who is Bajaj Allianz Life Insurance? It’s a major private life insurance company and a joint venture between Bajaj Finserv and Germany’s Allianz SE. And the best part—the insurer is completely independent and has no links to JM Financial’s promoter or group companies. JM Financial made it clear: "The stake sale does not constitute a related-party transaction and falls outside any scheme of arrangement." So, what’s cooking here? This fresh investment by Bajaj Allianz Life Insurance into the booming home loans business is a sign of trust and expansion. For JM Financial, it’s a strategic partial exit that doesn’t shake their strong hold but invites new energy from a leading insurer. Watch this space for more exciting developments!

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Tags: Jm financial, Bajaj allianz life insurance, Home loans, Stake sale, Investment deal, Financial year 2025,