JM Financial Credit to sell 2.1% stake in JM Financial Home Loans to Bajaj Allianz Life for ₹65.5 cr
JM Financial Home Loans reported an income of ₹368.5 crore in FY25, contributing 8.3 per cent to JM Financial’s consolidated income.
JM Financial Credit Solutions, a subsidiary of JM Financial has entered into an agreement to sell 2.1 per cent stake in JM Financial Home Loans to Bajaj Allianz Life Insurance Company for ₹65.5 crore, an exchange filing said.
The shares are being sold at ₹48 per share, the statement said.
Post the stake sale, JM Financial Credit’s stake in the home loan unit will reduce to 6.88 per cent from 8.98 per cent, while that of JM Financial, through its subsidiaries, will reduce to 96.66 per cent from 98.76 per cent.
No reason was ascribed for the stake sale.
JM Financial Home Loans reported an income of ₹368.5 crore in FY25, contributing 8.3 per cent to JM Financial’s consolidated income.
The home loan arm’s net worth at the end of the year was 797.4 crore.
Annual report
In the last fiscal year, the JM Financial group had infused ₹107 crore in the home loan unit, JM Financial’s annual report showed. The home loan company’s assets under management rose 26 per cent during the year to ₹2832 crore.
It offers the whole gamut of housing finance products including various kinds of home loans and loan against residential property.
JM Financial also increased its stake in JM Financial Credit to 97 per cent from 47 per cent during the year.
Published on August 10, 2025
