Jio Financial Services rises on infusing around Rs 2000 crore in Jio Credit
Jio Financial Services is currently trading at Rs. 257.50, up by 1.35 points or 0.53% from its previous closing of Rs. 256.15 on the BSE.
The scrip opened at Rs. 256.70 and has touched a high and low of Rs. 259.20 and Rs. 255.10 respectively. So far 487895 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 338.45 on 05-Aug-2025 and a 52 week low of Rs. 198.60 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs. 260.45 and Rs. 253.30 respectively. The current market cap of the company is Rs. 163593.40 crore.
The promoters holding in the company stood at 47.12%, while Institutions and Non-Institutions held 27.09% and 25.78% respectively.
Jio Financial Services has infused around Rs 2000 crore in its wholly owned subsidiary -- Jio Credit (JCL). The JCL is a non-banking financial company and will utilise the amount to fund its business operations.
The fund infusion has been done through allotment of 3,35,71,923 equity shares of Rs 10 each of JCL to the company. The shares have been subscribed at a premium of Rs 585.70 per equity share.
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