18/08/2023 2:32:42 PM | Source: Reuters
Reliance`s Jio Financial Services to be listed on August. 21
Jio Financial Services (JFS) <JIOF.NS>, the financial arm of Indian conglomerate Reliance Industries, is set to be listed on the stock exchanges on Aug. 21, per a stock exchange circular on Friday.
Billionaire Mukesh Ambani's Reliance had last month spun off JFS, with the market ascribing a valuation of around $20 billion.
Ambani has said Jio Financial Services aims to provide simple, affordable and innovative digital first solutions.
In July, JFS and U.S.-based BlackRock said they would form an equal joint venture to launch asset management services in India.
Reliance's shares reversed losses to trade 1.3% higher as of 2:16 p.m. IST, while the benchmark Nifty 50 index was flat.
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
Share of renewables in India`s overall energy mix ex...
The Nifty shredded 320 points to settle at 23,025 - ...
Daily Technical Outlook By Axis Securities Ltd
Daily Derivatives Report By Axis Securities Ltd
Daemyung Sono Group moves to acquire T'way Air
Nifty Retreats from 23,400 Resistance, Tests 23,000 ...
World at a critical inflection point, 2025 a year of...
Avenue Supermarts gains on opening new store in Amri...
Nifty opened with an upward gap and traded with extr...
HCL Technologies gains on launching new center in Hy...
