21/08/2023 10:24:21 AM | Source: Reuters
Reliance spin-off Jio Financial falls 5% in market debut
Shares of India's Jio Financial Services (JFS) opened at 262 rupees in its trading debut on Monday and fell as much as 5% to 248.90 rupees, compared with the 261.85 rupees price set in a special trading session last month.
JFS was carved out of billionaire Mukesh Ambani-led Reliance Industries, India's most valuable company by market capitalisation, to help the oil-to-retail conglomerate expand in the lucrative financial services sector.
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