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01-Oct2016

JM Financial hikes stake in JM Financial ARC to 50.01%

JM Financial has hiked stake in JM Financial Asset Reconstruction Company (JM Financial ARC) and therefore JM Financial ARC has become a subsidiary of the company with effect from September 30, 2016. The shareholding of the company in JM Financial ARC has increased from 50% to 50.01%.

JM Financial is an integrated financial services group offering a wide range of capital market services to its corporate and individual clients.


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