Mumbai, March 19 -- JM Financialhas on 18 March 2025 sold 57,09,32,034 equity shares held by the Company, representing 71.79% of the equity share capital of JM Financial Asset Reconstruction Company (JMFARC) to JM Financial Credit Solutions (JMFCSL). Post this sale, the Company's direct holding in JMFARC will be nil, and through JMFCSL will be 81.77%.

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