JM FINANCIAL : STEP-DOWN SUBSIDIARY ACQUIRES 100% EQUITY SHARES OF JM FINANCIAL ASSET RECONSTRUCTION COMPANY LIMITED

• JM Financial Credit Solutions Limited (JMFCSL) has acquired 16,25,85,928 equity shares of JM Financial Asset Reconstruction Company Limited (JMFARC) at ₹10/- each. • The total consideration for the allotment aggregated ₹162.59 crore. • Post this investment, JMFCSL's holding in JMFARC has increased from 81.77% to 84.87%. • Impact: Positive (Strengthens parent's control in step-down subsidiary and supports its working capital and growth plans.)

JM Financial Ltd-$

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