JM Financial Limited (NSE: JMFINANCIL) saw an increase in its stock price, gaining ₹4.85 (+3.53%) to trade at ₹142.19 as of 9:39 AM. The stock’s rise follows the approval by the Competition Commission of India (CCI) for JM Financial’s acquisition of a 43% stake in JM Financial Credit Solutions for approximately ₹1,282 crore.
This acquisition is expected to consolidate its financial services offerings, leading to positive investor sentiment.
Disclaimer: This information is for informational purposes only and should not be considered as investment advice.
