Bajaj Allianz Life Insurance buys 2.1% stake in JM Financial Home Loans

Bajaj Allianz Life Insurance has invested in JM Financial Home Loans. The insurer acquired approximately 2.1% stake. They purchased shares from JM Financial Credit Solutions. The deal is valued at ₹65.5 crore. Post-transaction, JM Financial’s stake in the home loan arm will reduce. The agreement was finalized in August.

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