Janashakthi Group Strengthens Group Synergies with Strategic Share Transfer

Janashakthi Group (JXG), a leading conglomerate in financial services with a presence in the Insurance, Finance, and Investment sectors, announces a strategic move to enhance Group synergies through the transfer of 25% of First Capital Holdings PLC shares to Janashakthi Insurance PLC.

This transfer is aimed at fostering a more cohesive and integrated approach across Janashakthi Group’s key business units, aligning the strategic interests of Janashakthi Insurance PLC with First Capital Holdings PLC and creating a more unified and efficient Group structure. Despite the transfer,Janashakthi Group still holds 83% of First Capital shares. 

Ramesh Schaffter, Managing Director and Group CEO of Janashakthi Group, stated, “Consolidating the ownership structure within the Group will not only enhance operational synergies but also position us for sustained growth and success. This strategic alignment reinforces our commitment to delivering greater value to stakeholders, marking a pivotal step in creating a more integrated and dynamic financial conglomerate. By leveraging the collective strengths of our key business units, we aim to enhance the overall value proposition for our clients and stakeholders.”

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