Corporate News 06-Dec-16
JM Financial's subsidiary acquires further shares of India Home Loan
JM Financial Products holds an aggregate 24.50% stake in India Home Loan
JM Financial announced that JM Financial Products, a subsidiary of the Company, on 02 December 2016, has acquired further 15,05,650 equity shares of India Home Loan (IHL) through preferential allotment route. After the above acquisition, JM Financial Products holds an aggregate of 34,99,030 equity shares of IHL representing 24.50% of the total post issue paid up equity share capital of IHL.
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