Jio Financial Services rises on getting nod to increase foreign investment limit to 49%
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Jio Financial Services is currently trading at Rs. 329.95, up by 2.75 points or 0.84% from its previous closing of Rs. 327.20 on the BSE.
The scrip opened at Rs. 333.20 and has touched a high and low of Rs. 334.20 and Rs. 329.45 respectively. So far 597043 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 394.70 on 23-Apr-2024 and a 52 week low of Rs. 204.65 on 23-Oct-2023.
Last one week high and low of the scrip stood at Rs. 337.90 and Rs. 326.80 respectively. The current market cap of the company is Rs. 209531.31 crore.
The promoters holding in the company stood at 47.12%, while Institutions and Non-Institutions held 29.48% and 23.38% respectively.
Jio Financial Services has received approval from Department of Economic Affairs, Ministry of Finance for existing foreign investment in the Company and to increase aggregate limits of foreign investment (including FPIs) in the Company to 49% of the paid-up equity share capital on fully diluted basis.
Jio Financial Services (JFSL) operates its financial services business through its consumer facing subsidiaries namely Jio Finance (JFL), Jio Insurance Broking (JIBL) and Jio Payment Solutions (JPSL) and joint venture namely Jio Payments Bank (JPBL).
