SNK Investments Private Limited, part of the promoter group of JM Financial Limited, has announced a proposed inter-se transfer of equity shares. The transfer involves up to 9,21,250 shares of JM Financial Limited from Ms. Aruna Nimesh Kampani to SNK Investments. This transfer, representing up to 0.10% of JM Financial’s share capital, is planned under the SEBI regulations governing substantial acquisitions.
Details of Proposed Share Transfer
SNK Investments Private Limited, a promoter group entity of JM Financial Limited, intends to execute an inter-se transfer of shares with Ms. Aruna Nimesh Kampani. The announcement, dated December 19, 2025, outlines the specifics of this transaction.
Key Transaction Points
The proposed transfer involves up to 9,21,250 equity shares of JM Financial Limited. This accounts for a maximum of 0.10% of the company’s total share capital. The transfer is categorized as an inter-se transfer among promoter group members.
Regulatory Compliance and Rationale
The transfer will be completed in accordance with the relevant provisions of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The rationale for the transfer is to streamline shareholding amongst the Promoter Group. The transfer is expected to be completed on or after December 29, 2025.
Pricing Details
The price of the shares will not exceed the price determined as per the specified regulations. As per the notice, the volume-weighted average market price for the 60 trading days preceding the notice date, as traded on the National Stock Exchange of India Limited, is ₹157.31 per share.
Shareholding Pattern
Prior to the proposed transaction, SNK Investments Private Limited held 1,77,60,000 shares (1.86%). Post-transfer, their holding will increase to 1,86,81,250 shares (1.95%). Ms. Aruna Nimesh Kampani’s holding will decrease from 2,79,21,250 shares (2.92%) to 2,70,00,000 shares (2.82%).
Source: BSE
