JM Financial Services Releases Encumbrance on OnMobile Global Shares, Significantly Reduces Stake

OnMobile Global , along with its affiliates, has experienced a significant change in its shareholding structure as JM Financial Services Limited made a substantial move. On February 12, 2020, JM Financial Services Limited executed a transaction involving the release of encumbrance on a considerable portion of OnMobile Global's shares.

Key Details of the Transaction

Aspect	Details
Entities Involved	JM Financial Services Limited, JM Financial Products Limited, JM Financial Capital Limited
Action	Release of encumbrance
Company	OnMobile Global Limited
Shares Released	53,47,061
Percentage of Total Share Capital	5.06%
Date of Transaction	February 12, 2020

Impact on JM Financial's Holdings

The release of encumbrance has dramatically altered JM Financial's position in OnMobile Global:

Holding	Before Transaction	After Transaction
Number of Shares	53,50,461	3,400
Percentage of Total Share Capital	5.06%	0.00%

This move represents a near-complete divestment of JM Financial's stake in OnMobile Global, reducing their holding to a negligible amount.

Background on the Shares

The shares in question were previously held by JM Financial entities for two primary purposes:

As margin from clients
As collateral to secure loans

OnMobile Global's Share Capital

OnMobile Global's total equity share capital stands at 105,696,202 shares. These shares are listed on two major Indian stock exchanges:

BSE Limited
National Stock Exchange of India Limited

This transaction highlights a significant shift in the ownership structure of OnMobile Global, with JM Financial entities substantially reducing their stake. Such moves can often signal changing market dynamics or strategic decisions by institutional investors. However, the specific reasons behind this large-scale release of encumbrance have not been disclosed in the available information.

Investors and market watchers may want to keep an eye on OnMobile Global's performance and any potential impact this ownership change might have on the company's stock price or operations. As always, it's advisable for investors to conduct their own research and consider multiple factors before making investment decisions.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.73%	-1.03%	+8.80%	+51.91%	-9.12%	+52.80%

OnMobile Global Limited , a leader in mobile gaming and entertainment, has announced a strategic partnership with Dialog Axiata PLC, Sri Lanka's leading connectivity provider. The collaboration positions OnMobile as the Master Aggregator for Dialog's Value-Added Services (VAS) portfolio, marking a significant expansion of their existing relationship.

Key Highlights of the Partnership

Master Aggregator Role: OnMobile will bridge Dialog with third-party content providers, consolidating services across entertainment, mobile gaming, infotainment, and education into a unified ecosystem.
Comprehensive Service Management: The partnership covers the full spectrum of the VAS ecosystem, including customer lifecycle management, technical integration, billing, support, and analytics.
Operational Efficiency: The Master Aggregator platform aims to streamline processes, ensure regulatory compliance, and simplify payouts to content providers.
Enhanced Customer Experience: Dialog will be able to deliver more personalized content to both prepaid and postpaid customers, potentially improving customer engagement.

Strategic Implications

The shift to a Master Aggregator model represents a strategic move for both companies:

For Dialog Axiata: This partnership allows Dialog to focus on expanding its VAS offerings and business growth in Sri Lanka. It gains better control over execution, visibility into performance, and increased agility in responding to customer needs.
For OnMobile Global: The agreement strengthens OnMobile's position in the VAS market and demonstrates its capability to provide end-to-end solutions for telecom operators.

Executive Insights

Mr. Bikram Sherawat, President & COO of OnMobile Global Ltd., commented on the partnership: "Our partnership with Dialog reflects a broader industry shift toward platforms that reduce friction and deliver measurable business impact. With our Master Aggregator model, we're providing a one-stop solution for managing value-added services, so Dialog can enhance its VAS portfolio, act on real-time insights and build sustainable digital growth."

Mr. Viranga Seneviratne, Head of ICT and Platforms Business at Dialog Axiata PLC, added: "The shift to a Master Aggregator model is not just an operational decision; it's a strategic one. With a unified approach to managing our content partnerships and services, we gain sharper control over execution, visibility into performance and the agility to respond faster to evolving customer needs."

Conclusion

This strategic partnership between OnMobile Global and Dialog Axiata represents a significant development in the Value-Added Services landscape in Sri Lanka. By leveraging OnMobile's expertise and platform, Dialog aims to enhance its service offerings, improve operational efficiency, and ultimately deliver better value to its customers. The collaboration also underscores the growing trend towards integrated, platform-based solutions in the telecommunications industry.