INH Mauritius to Sell 49% Stake in JM Financial Credit Solutions for Rs 30 Bn

10 Jul 2024 CW Team

INH Mauritius, an investment entity, has entered into an agreement to divest its 49% equity stake in JM Financial Credit Solutions Limited (JMFCS) to JM Financial Group for approximately Rs 30 billion. This strategic transaction underscores JM Financial's commitment to expanding its presence in the financial services sector, particularly in the domain of credit solutions.

JMFCS, a subsidiary of JM Financial Group, specialises in providing diverse credit solutions, including structured finance, loan syndication, and debt capital markets advisory services. The acquisition of INH Mauritius' stake is expected to enhance JM Financial's market position and capabilities in offering comprehensive financial solutions to its clients.

The transaction is subject to regulatory approvals and customary closing conditions. Upon completion, JM Financial will consolidate its ownership in JMFCS, aiming to leverage synergies and capitalise on growth opportunities in India's evolving credit and financial services landscape.

INH Mauritius' decision to sell its stake in JMFCS aligns with strategic portfolio realignment objectives, allowing the entity to redeploy capital into other investment opportunities. JM Financial, known for its robust financial expertise and client-centric approach, anticipates significant value creation through the integration of JMFCS into its existing operations.

The acquisition marks a significant milestone for JM Financial Group, reinforcing its commitment to delivering value and innovation in the financial services sector. It positions the group strategically to cater to the growing demand for specialised credit solutions and strengthen its market leadership in India's dynamic financial ecosystem.

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..