General Updates as follows:Pursuant to the authority delegated by the Board, JM Financial Limited (the…
As filed · JM Financial Limited has informed the Exchange about General Updates as follows:Pursuant to the authority delegated by the Board, JM Financial Limited (the Company ) has today entered into a Share Pur
What happened
FactJM Financial Limited has informed the Exchange about General Updates as follows:Pursuant to the authority delegated by the Board, JM Financial Limited (the Company ) has today entered into a Share Purchase Agreement ( SPA ) with Aparna Aiyar Family Trust ( AAFT ) and has acquired 38,955 equity shares, representing 1.38% of the equity share capital of JM Financial Credit Solutions Limited ( JMFCSL ). today entered into a Share Purchase Agreement (“SPA”) with Aparna Aiyar…
Why it matters
CapitSignal interpretationAn acquisition spends cash or issues shares today for earnings that arrive later, so the price paid and the funding route decide whether holders gain.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Capex
Delayedwe expect, that over the next 2 to 3 years, you'll see AUM expansion upwards of 25% per annum.
So from a 5-year perspective, you will see JM Financial much more in the fees, commission and brokerage space.
Change
FactImplication
CapitSignal interpretationGuidance
Withdrawnyou should see anywhere between 13% to 15% kind of revenue growth.
the profitability growth should be anywhere in the high teens for this business.
Change
FactImplication
CapitSignal interpretationCapex
DelayedSo from a 5-year perspective, you will see JM Financial much more in the fees, commission and brokerage space.
Our target, as I said, is to IPO the business by 2028, '29.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Consideration and how it is funded
- Revenue and profit of the target
- Expected completion date
- Overall, if you ask me, I think if we are able to get to 15% revenue growth and a 15% ROE, that kind of will b (management committed by FY27)
- We expect to grow AUM at 25% year-on-year. (management committed by FY27)
Evidence
- JM Financial Limited has informed the Exchange about General Updates as follows:Pursuant to the authority delegated by the Board, JM Financial Limited (the Company ) has today entered into a Share Purchase Agreement ( SPA ) with Aparna Aiyar Family Trust ( AAFT ) and has acquired 38,955 equity shares, representing 1.38% of the equity share capital of JM Financial Credit Solutions Limited ( JMFCSL ). The required disclosure in this regard, is enclosed and marked as Annexure A hereto.In continuation of our earlier letters (copies enclosed for your ready reference), we wish to inform you that the Company has also acquired 1,68,791 equity shares, representing 5.97% of the equity share capital of JMFCSL, from INH Mauritius 1. Pursuant to the aforesaid acquisitions, the shareholding of the Company in JMFCSL stands at 97.02%.(opens the original filing in a new tab)
- Earlier statement · Q3 FY26
- Latest statement · Q4 FY26
- Earlier statement · Q3 FY26
- Latest statement · Q3 FY26
- Earlier statement · Q4 FY26
- Latest statement · Q4 FY26
How CapitSignal classified this
- Reasoning:
- ACQUISITION base 74; +5 quantified amount; +3 quantified percentage; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%